第六讲完美信息动态博弈案例分析.pptVIP

第六讲 Extensive games with perfect information: illustrations 一、Stackelberg’s model of duopoly:constant unit cost and linear inverse demand Players：the two firms (a leader and a follower)； Timing：(1)firm 1 chooses a quantity ；(2) firm 2 observes and then chooses a quantity ; Preferences：Each firm’s preferences are represented by its profit. 基本假定 Constant unit cost： Linear inverse demand function： Assume： Backward induction First compute firm 2’s reaction to an arbitrary quantity by firm 1: Next firm 1’s problem in the first stage of the game amounts to: Thus