On Stackelberg’s oligopoly theory

Arnold Heertje

doi:10.1108/01443589610154045

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On Stackelberg’s oligopoly theory

Arnold Heertje

Journal of Economic Studies1996doi:10.1108/01443589610154045

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Abstract

Goes back to thinking on the price theory of oligopoly in 1960. In particular, is concerned with Stackelberg’s oligopoly theory. Presents a careful description of the development of Stackelberg’s analysis. Takes into account his mathematical appendix. Confronts the theory with game theory and concludes that in a dynamic game a Nash‐Cournot equilibrium will emerge.

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