Stackelberg Equilibrium

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Definition: Stackelberg Equilibrium

Stackelberg Equilibrium is an equilibrium in which one company acts as a leader and one another company as a follower.  It differs with Nash equilibrium. In this the leader firm moves first and the follower firm follows it later.

It has applications in supply chain and marketing channels.

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Browse definitions and meaning of more concepts and terms similar to Stackelberg Equilibrium. The Management Dictionary covers definitions and overview of over 7000 business concepts from 6 categories.

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