Bertini, Cesarino; Gambarelli, Gianfranco; Scarelli, … - In: Czech Economic Review 5 (2011) 2, pp. 162-171
In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative,...