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option (G2)<br />The right to buy or sell a currency, commodity or financial asset at a specified price in a stated time period.<br /><em>See also:</em> call option; put option
Stackelberg model (Ll)<br />A model of DUOPOLY devised by Heinrich von Stackelberg in his 1934 book Marktform unter Gleichgewicht. This describes the relationship between a leading firm and a follower in their output decisions. A follower chooses the profit-maximizing output. Each firm desires to act as a follower knowing the other will do so also.
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