Comparison With Other Oligopoly Models
In comparison with other oligopoly models,
- The aggregate Stackelberg output is greater than the aggregate Cournot output, but less than the aggregate Bertrand output.
- The Stackelberg price is lower than the Cournot price, but greater than the Bertrand price.
- The Stackelberg consumer surplus is greater than the Cournot consumer surplus, but lower than the Bertrand consumer surplus.
- The aggregate Stackelberg output is greater than pure monopoly or cartel, but less than the perfectly competitive output.
- The Stackelberg price is lower than the pure monopoly or cartel price, but greater than the perfectly competitive price.
Read more about this topic: Stackelberg Competition
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