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Coalitions in Oligopolies, Volume 259: An Introduction to the Sequential Procedures (Contributions to Economic Analysis)
Coalitions in Oligopolies Volume 259 An Introduction to the Sequential Procedures - Contributions to Economic Analysis Author:M. Brown, S.-H. Chiang 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 f... more »orm 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.« less