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Self-Harming Mergers

Self-Harming Mergers

A Game Theoretical Analysis

AV Akademikerverlag ( 28.04.2020 )

€ 54,90

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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.

Buch Details:

ISBN-13:

978-620-2-21871-9

ISBN-10:

6202218711

EAN:

9786202218719

Buchsprache:

English

von (Autor):

Fabian Rosenkranz

Seitenanzahl:

104

Veröffentlicht am:

28.04.2020

Kategorie:

Volkswirtschaft