%0 Journal Article
%T How Hierarchical Structures Impact on Competition
%A Alexsandr Galegov
%A Andrey Garnaev
%J AUCO Czech Economic Review
%D 2008
%I Charles University in Prague
%X Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form of the Stackelberg model for a general hierarchical structures composed by firms arranged into groups of different hierarchical levels.
%K Hierarchical structures
%K multi-level Stackelberg equilibrium
%K Nash-Cournot equilibrium
%U http://auco.fsv.cuni.cz/storage/47_2008_03_227.pdf