Coalitions in Oligopolies

An Introduction to the Sequential Procedures

AvMaurray Brown,Shin-Hwan Chiang

Inbunden, Engelska, 2003

Del 259 i serien Contributions to Economic Analysis

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2003-10-08
Mått:156 x 234 x 16 mm
Vikt:554 g
Format:Inbunden
Språk:Engelska
Serie:Contributions to Economic Analysis
Antal sidor:268
Förlag:Emerald Publishing Limited
ISBN:9780444514776

Utforska kategorier

Nationalekonomi inom Ekonomi och Ledarskap

Recensioner i media

...Analyzes the sequential bargaining that brings about coalitions, shedding light on mergers, acquisitions, associations, alliances, takeovers, and cartels. Journal of Economic Literature, 2004

Innehållsförteckning

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.