• DocumentCode
    2556660
  • Title

    A note on Stackelberg games

  • Author

    Nie, Pu-yan ; Zhang, Pei-ai

  • Author_Institution
    Inst. of Ind. Econ., Jinan Univ., Guangzhou
  • fYear
    2008
  • fDate
    2-4 July 2008
  • Firstpage
    1201
  • Lastpage
    1203
  • Abstract
    Nash game and Stackelberg one are two basic games in game theory community. It is extremely important to further investigate them. Here we show that the leaders will benefit from the interactions in a game. The organization structure in economics is considered with game theory techniques. By game theory approaches, the Nash games and Stackelberg game (leader-follower games) are compared. In a Stackelberg game, if the leader acts as an average player in a Nash game, his/her payoff function value will be reduced. We therefore conclude that a player in a Nash game will benefit from the interactions if he/she transfers into the leader in the corresponding Stackelberg game and other players act as the followers.
  • Keywords
    economics; game theory; Nash game; Stackelberg Games; game theory community; payoff function; Biology; Game theory; Industrial economics; Mathematics; Minimax techniques; Nash equilibrium; Power generation economics; Stackelberg game; game theory; payoff function;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Control and Decision Conference, 2008. CCDC 2008. Chinese
  • Conference_Location
    Yantai, Shandong
  • Print_ISBN
    978-1-4244-1733-9
  • Electronic_ISBN
    978-1-4244-1734-6
  • Type

    conf

  • DOI
    10.1109/CCDC.2008.4597505
  • Filename
    4597505