Cooperation and efficiency in markets

The book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept that we...

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Bibliographic Details

Published in:	Springer eBooks.
Main Author:	Horniacek, Milan
Corporate Author:	SpringerLink (Online service)
Format:	Electronic Resource
Language:	English
Published:	Berlin, Heidelberg Springer Berlin Heidelberg c2011.
Series:	Lecture notes in economics and mathematical systems 649.
Subjects:	Efficient market theory. Coopeation. Economics. Business. Markets > Mathematical models. Oligopolies > Mathematical models. Electronic books.
Online Access:	Available for University of the Philippines Diliman via SpringerLink. Click here to access