Coalitions in oligopolies : an introduction to the sequential procedure / Murray Brown and Shin-Hwan Chiang.

Format:

Book

Author/Creator:

Brown, Murray, 1929-

Contributor:

Chiang, Shin-hwan.

Series:

Contributions to economic analysis ; 259.

Contributions to economic analysis ; 259

Language:

English

Subjects (All):

Oligopolies--Mathematical models.

Oligopolies.

Competition--Mathematical models.

Competition.

Negotiation in business--Mathematical models.

Negotiation in business.

Game theory.

Physical Description:

xxi, 245 pages : illustrations ; 23 cm.

Edition:

First edition.

Place of Publication:

Amsterdam ; Boston : Elsevier, 2003.

Summary:

This book examines sequential coalition formation in oligopolies. Coalitions refer to mergers and acquisitions, cartels, and associations. The principal aim is the prediction and explanation of the coalition structure - whether an industry will emerge as a monopoly, say, or as a collection of sub-coalitions.In environments where decisions to form coalitions are made sequentially, the prediction and explanation of the equilibrium coalition structure can differ dramatically from the textbook simultaneous-move model. This difference derives from the knowledge effect, which is unique to the sequential-move models.

Notes:

Includes bibliographical references (pages 229-238) and index.

ISBN:

0444514775

OCLC:

52554426