Existence and uniqueness of equilibrium is established for the canonical Stackelberg triopoly via response functions and coupled fixed-point theory, with notes on non-convergence of best-response dynamics even under linear demand.
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Equilibrium in the Canonical Stackelberg Triopoly via Response Functions and Fixed Point Theory
Existence and uniqueness of equilibrium is established for the canonical Stackelberg triopoly via response functions and coupled fixed-point theory, with notes on non-convergence of best-response dynamics even under linear demand.