Otto Magnus von Stackelberg (archaeologist) (1786-1837), German archaeologist
Otto Magnus von Stackelberg (ambassador), Russian ambassador
Stackelberg competition, a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially
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Heinrich Freiherr von Stackelberg (October 31, 1905 - October 12, 1946) was a German economist who contributed to game theory and industrial organization and is known for the Stackelberg leadership model. ... The Stackelberg leadership model is a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially. ... Face-to-face trading interactions on the New York Stock Exchange trading floor. ... Image File history File links Disambig_gray. ...
A standard way to interpret Stackelberg equilibrium for strategic form games is to see it as a Subgame Perfect Equilibrium (SPE for short: Selten (1965)) of a perfect information game in extensive form where the leader moves first.
Two approaches, introduced and called generalized Stackelberg strategies by Leitmann (1978), are the most common: to assume a "pessimistic'' attitude for the leader (which leads to the so-called weak Stackelberg problem), or an optimistic one (leading to the strong Stackelberg problem).
Of course, any solution to the strong Stackelberg problem is also a SPE: but in case of non-uniqueness for the best reply, we remind that the strong Stackelberg problem does not have a nice behavior from the point of view of stability, thus provoking difficulties in its numerical solution.
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