Coalitions in Oligopolies

An Introduction to the Sequential Procedures

Maurray Brown, Shin-Hwan Chiang (Herausgeber)

Buch | Hardcover

268 Seiten

2003
Elsevier Science Ltd (Verlag)
978-0-444-51477-6 (ISBN)

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Coalitions refer to mergers and acquisitions, cartels, and associations. This book examines sequential coalition formation in oligopolies. 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.

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.

Abbreviated Contents. I Symmetric oligopoly. 1. The basic oligopoly model. 2. Cost savings due to synergies. II Uncertainty, financial decisions, and managerial incentives. 3. Market volatility and coalitions. 4. Real and financial decisions. 5. Coalitions and incentives. III Coalition theory and sequential procedures. 6. Coalitions without externalities. 7. Coalitions with externalities. 8. Who moves first? Bibliography. Index.

Erscheint lt. Verlag	8.10.2003
Reihe/Serie	Contributions to Economic Analysis
Verlagsort	Kidlington
Sprache	englisch
Maße	156 x 234 mm
Gewicht	554 g
Themenwelt	Technik
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
ISBN-10	0-444-51477-5 / 0444514775
ISBN-13	978-0-444-51477-6 / 9780444514776
Zustand	Neuware