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Difference between Cournot duopoly and stackleberg duopoly

1.Stackelberg's model is a sequentialg gamewhile Cournot's is a simultaneous game.
2. In Stackleberg one firm is a leader and move first while other follows while in Cournot both firms play simulataneously.
3. In stackleberg we calculate only follower's reaction function while in Cournot we calculate both firms reaction function
4. In Stackelberg duopolies, the quantitys sold by the leader is greater than theq sold by the follower, while in Cournot duopolies quantity are the same for both firms.
5. Profit of stacklebergs leader is greater than follower while in Cournot profit of both firm stays same.
6. Profit of stackleberg leader is always grater than profit of any of the firms in Cournot model
7. Price in Cournot model is higher than Stackleberg Model.


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