Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/330103 
Year of Publication: 
2024
Citation: 
[Journal:] Games [ISSN:] 2073-4336 [Volume:] 15 [Issue:] 5 [Article No.:] 34 [Year:] 2024 [Pages:] 1-25
Publisher: 
MDPI, Basel
Abstract: 
This work studies the Hotelling game with sequential choice of prices, that is, the Stackelberg-Hotelling (SHOT) game. The game is studied through numerical simulation, which provides the subgame perfect equilibrium solution not only in the unrestricted game but also in the game with reservation cost and with elastic demand. The simulation technique is tested first in the unconstrained game, where the analytical subgame perfect equilibrium solution was already known. Then, the numerical procedure is generalized to cope with the SHOT game with reservation cost and with elastic demand. These enriched formulations of the SHOT game have not been studied so far, so this article provides an exploratory study of them.
Subjects: 
game theory
simulation
Hotelling
Stackelberg
equilibrium
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
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