differeentate between the assumptions of a counnts model and the stackelberg model
Answer (1)
20th Jun, 2021
Hello candidate,
The counnts model and the Stackelberg models are basically counterparts of each other, such as in the Cournot duopoly, firms make their moves at the same time while in Stackelberg duopoly, one firm becomes the leader and so make the first move, followed by the other firm.
Hope you found it informational!!
Good Luck.
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