In 1980 three Finnish companies established a research joint venture as a separate firm in order to develop semiconductors. This enterprise terminated in 1992 when the firm was sold. We study the RJV from the point of view of incomplete contacts, focusing on hold-up problems. Of particular...

We show that in quasisupermodular games that satisfy strict single crossing property the least and greatest undominated Nash-equilibrium can be reached by iteratively eliminating dominated strategies. In the first round all weakly dominated strategies are eliminated. In the successive rounds all...