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We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...
Persistent link: https://www.econbiz.de/10005057151
This chapter surveys recent models of coalition and network formation in a unified framework. Comparisons are drawn among various procedures of network and coalition formation, involving simultaneous and sequential moves. The survey also covers models of group and network formation by farsighted...
Persistent link: https://www.econbiz.de/10014025687
-offers bargaining procedures for the pairs of connected agents. Agents have complementary information and bargain over the relative …
Persistent link: https://www.econbiz.de/10010687848
MPEs for high discount factors is developed. For some networks, we find that all MPEs are asymptotically inefficient as …
Persistent link: https://www.econbiz.de/10010573659
-offers bargaining procedures for the pairs of connected agents. Agents have complementary information and bargain over the relative …
Persistent link: https://www.econbiz.de/10010823245
information. We show that if signals are i.i.d., then pairwise stable networks of sharing agreements are either empty or made of …
Persistent link: https://www.econbiz.de/10010293393
We study the problem of information sharing in oligopoly, when sharing decisions are taken before the realization of private signals. Using the general model developed by Raith (1996), we show that if firms are allowed to make bilateral exclusive sharing agreements, then some degree of...
Persistent link: https://www.econbiz.de/10010293423
The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013200157
stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10010313224
stable networks for the general linear quadratic game. For the case of correlated signals, we study pair-wise stable networks …
Persistent link: https://www.econbiz.de/10009756291