Coalitions in Oligopolies: An Introduction to the Sequential Procedures
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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.
Format:Hardcover
Language:English
ISBN:0444514775
ISBN13:9780444514776
Release Date:October 2003
Publisher:Elsevier Science Ltd
Length:268 Pages
Weight:1.22 lbs.
Dimensions:0.6" x 6.1" x 9.2"
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