Stackelberg competition
![A Stackelberg game represented in extensive form](/Images/godic/202502/12/Extensive_form_game_43751.JPG")
The Stackelberg leadership model is a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially. It is named after the German economist Heinrich Freiherr von Stackelberg who published Market Structure and Equilibrium (Marktform und Gleichgewicht) in 1934 which described the model.