Self-Harming Mergers A Game Theoretical Analysis
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- Englisch ausgewählt
Fr. 74.90
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Taschenbuch
Erscheinungsdatum
28.04.2020
Verlag
AV AkademikerverlagSeitenzahl
104
Maße (L/B/H)
22/15/0.7 cm
Gewicht
173 g
Auflage
1. Auflage
Sprache
Englisch
ISBN
978-620-2-21871-9
In this book we study different solution concepts in three-player games and their effects on social welfare. Furthermore, the outcome under cooperative behavior is compared with the outcome under non-cooperative behavior. A ``merger'' is an agreement between two or more firms of coordinating strategical actions together and sharing the received profits. By analyzing three-player situations in price and quantity competition as well as in more general strategic games, we demonstrate the occurrence of mergers with negative effects. Moreover, a maximal subset of self-harming mergers in sequential and simultaneous versions of general three-player strategic games is constructed under the restrictions that the equilibria with and without merger are unique and the potential merging players have a dominant strategy.
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