An example of a game in which a leader moves first, and then the other rivals follow is a ________ game.
A)Stackelberg model
B)Cournot model
C)finite move
D)tit-for-tat

Question

Quizplus · Accepted Answer

In a Stackelberg model, one player (the leader) moves first and sets their output level, and then the other players (the followers) make their decisions based on this initial move. This is different from a Cournot model where all players move simultaneously. The finite move and tit-for-tat are not relevant to this particular type of game. Therefore, the best choice is A) Stackelberg model.

An Example of a Game in Which a Leader Moves