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I provide two simple sufficient conditions under which the Pareto frontier of the Nash equilibrium set is coalition-proof. My first condition states there exists a pure-strategy Nash equilibrium which Pareto dominates all other serially undominated strategies. Under this condition, the...
Persistent link: https://www.econbiz.de/10014108187
This paper examines the effects on conduct and performance of allowing members of an industry-wide research joint venture to exercise a greater monopoly power in the downstream product market. I identify necessary and sufficient conditions for joint commercialization of cooperative research...
Persistent link: https://www.econbiz.de/10014081601