【正文】
tion equals zero ? It meas that the output for the industry is 50 ? That’s all 3023004030 包佳杰 12121 0 0 2 2 050yyyy? ? ???Problem (e): If firm 1 behaves as a follower and firm 2 behaves as a leader, Calculate the Stackelberg equilibrium output of each firm. ? The timing of the game is as follows:(1)firm 2 chooses a quantity y2≥0。s optimal choice given firm239。 Ycp ?Where 0)(39。2239。1239。1 xCxC ?)()()( 139。1 yCyC ?Since for all x0 Then we can write it as: That is, )()( 39。*2*1 yCyyyyPyyP ????? So )()( *239。*2*1 yCyyyyPyyP ?????)(])[()( *239。 21 xCxC ?21 yy ?In a Cartel industry, )()(])[(m a x 22112121,21yCyCyyyyPyy ????The firstorder condition are: )(])[()( *139。:Show that if for all x0, then the cartel solution involves ? )(39。)(39。1*2*1*2*139。2*2*1*2*139。2