This article contends that cooperative games have been studied extensively in the literature. A central question in cooperative games is to study solution concepts and their relationships, those well-known solution concepts include cores, stable sets, Shapley values, bargaining sets, and so on....

We analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms also change their own competitive position in the...

We study a structural model of R&D alliance networks in which firms jointly form R&D collaborations to lower their production costs while competing on the product market. We derive the Nash equilibrium of this game, provide a welfare analysis and determine the optimal R&D subsidy program that...