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I apply three noncooperative models of coalition formation to a Cournot olygopoly. In each model, each firm has to choose the coalition it wants to belong to. But each of those models is characterised by a different assumption that defines what happens to a coalition from which one or more...
Persistent link: https://www.econbiz.de/10005779610
Persistent link: https://www.econbiz.de/10005634337
This paper examines the validity of the “folk” intuition that endogenous formation of jurisdictions is likely to create stratification of households according to their wealth. More specifically, we examine a simple model of jurisdiction formation, close in spirit to that of Whestoff ([27]),...
Persistent link: https://www.econbiz.de/10005292387