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Product details
- ISBN 9780444514776
- Weight: 554g
- Dimensions: 156 x 234mm
- Publication Date: 08 Oct 2003
- Publisher: Emerald Publishing Limited
- Publication City/Country: GB
- Product Form: Hardback
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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.
