The Existence of Equilibria in the Leader-Follower Hub Location and Pricing Problem

A Tabu Search Based Solution Approach to the Competitive Multiple Allocation Hub Location Problem

“…They formulated the problem as a bilevel nonlinear MIP problem and proposed a heuristic as a solution approach. Furthermore, Čvokić et al [6] demonstrated the existence of the unique Stackelberg and Nash pricing equilibria by proposing a model where two competitors (the leader and follower) are sequentially creating their hub and networks and setting prices. A new hub-and-center transportation network problem for a new company competing against an operating company was introduced by Niknamfar et al [19].…”