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Comparison of Cournot Duopoly Model and Stackelberg Model

open access: yesHighlights in Science, Engineering and Technology
As a matter of fact, the game theory is a kind of mathematical study of economic interactions. The Cournot Duopoly Model and the Stackelberg Model are the two widely used concepts in the oligopoly market. Both are similar but different in firms’ order of making decisions.
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