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Conference Agenda

Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).

Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:53:14am WEST

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Daily Overview

Session

Fossil Fuel Energy Resource Markets
Location: D-104
Session Chair: Aart de Zeeuw, Tilburg University

Presentation 2

On Stackelberg Leadership in the Cartel-Fringe Model with Renewables

Hassan Benchekroun², Simon Elgersma⁴, Gerard van der Meijden^1,3, Cees Withagen^1,3

1: Vrije Universiteit Amsterdam; 2: McGill University; 3: Tinbergen Institute; 4: Rijksuniversiteit Groningen

Discussant: Amrita RayChaudhuri (University of Winnipeg)

We study a time-consistent solution to the cartel-fringe model when the cartel acts as a von Stackelberg leader. In the process, we adress technical difficulties that often arise in continuous time dynamic game when the von Stackelberg leader uses feedback strategies. We characterize the equilibrium in the space of initial stocks and compare the resulting equilibrium with the Open-Loop Nash Cournot (OLNC) and Open-Loop von Stackelberg (OLSE) equilibria. Close comparison reveals that there is are regions where the feedback von Stackelberg equilibrium resembles the OLSE or the OLNC.