MAULEON, Ana; SEMPERE-MONERRIS, Jose; VANNETELBOSCH, Vincent - Center for Operations Research and Econometrics (CORE), … - 2013
We analyze how different rules for exiting an alliance (simple majority, unanimity or unanimity with side payments) will affect the formation of strategic alliances. We find that no alliance structure is contractually stable under the simple majority rule. Once unanimous consent is required,...