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Tom's Dec 23 edits of one lecture
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lectures/dyn_stack.md

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@@ -43,6 +43,8 @@ and for all by the Stackelberg leader at time $0$.
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To facilitate computation and interpretation, we formulate things in a
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context that allows us to apply dynamic programming for linear-quadratic models.
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Technically, our calculations are closely related to ones described [this lecture](https://python.quantecon.org/lagrangian_lqdp.html).
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From the beginning, we carry along a linear-quadratic model of duopoly in
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which firms face adjustment costs that make them want to forecast
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actions of other firms that influence future prices.
@@ -774,7 +776,7 @@ sequence $\vec q_2$, we must use representation
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$\check z^t$ and **not** a corresponding representation cast in
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terms of $z^t$.
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### Dynamic Programming and Time Consistency of **follower's** Problem
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### Dynamic Programming and Time Consistency of Follower's Problem
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Given the sequence $\vec q_2$ chosen by the Stackelberg leader in
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our duopoly model, it turns out that the Stackelberg **follower's**

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