| Article ID: | iaor20043250 |
| Country: | Netherlands |
| Volume: | 32 |
| Issue: | 2 |
| Start Page Number: | 121 |
| End Page Number: | 125 |
| Publication Date: | Mar 2004 |
| Journal: | Operations Research Letters |
| Authors: | Ehrenmann Andreas |
We show that the known uniqueness results for leader–follower Cournot games with multiple but identical leaders hinge on the tacit assumption that identical leaders make identical decisions. We illustrate that without this assumption multi-leader Cournot games may well possess nontrivial manifolds of equilibria and discuss the underlying reasons.