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dispersed. According to a coalition formation game, an oligopoly partitions itself asymmetrically into two or three coalitions …
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This paper considers the problem of standard-creating coalition formation in an oligopoly. Cooperative R&D investments … strength of network effects and the degree of product substitutability are weak, no stable standard coalition is feasible and … the grand coalition is the stable equilibrium, which is also socially optimal. In between these limits a multiple …
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the spillover space, a coalition formation game that permits limited membership predicts that at most, three joint …
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