Non cooperative Stackelberg network formation
Formación de redes de Stackelberg no cooperativas
Formação de redes de Stackelberg não cooperativas
DOI:
https://doi.org/10.15446/cuad.econ.v33n63.45336Keywords:
Non-cooperative games, network formation strategies, Stackelberg equilibrium, sequential decision. (en)juego no cooperativo, estrategias de formación de red, equilibrio de Stackelberg, decisión secuencial (es)
Jogo não cooperativo, estratégias de formação de rede, equilíbrio de Stackelberg, decisão sequencial (pt)
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Non-cooperative network formation games in industrial organizations analyze how firms create links. We assume that links portray cost-reducing information and that access to this information is not reciprocal. We study the consequences in terms of profits if one firm can move first in establishing a link. A classic model of exogenous Stackelberg leadership is developed and first-mover advantage is observed.
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