proliferating their products. It is shown that a selective pruning within the cartel always occurs. Moreover, by associating a … cooperative (or coalitional) stability of the whole industry cartel is the equidistance of firms’ products along the quality … coalition, (i) market pruning dominates product proliferation and (ii) partial cartelisation always arises in equilibrium, with …

Coalition formation is often analysed in an almost non-cooperative way, as a two-stage game that consists of a first … to the case of a symmetric physical game. Various theoretical results, in particular, for cartel games, are provided. As … coalition structures with abstract physical games in terms of qualitative properties of their primitives. …

. Moreover, if the cost advantage is relatively high, then the formed cartel can also be stable in the sense of the core of a …In this paper, we use a partition function form game to analyze cartel formation among firms in Cournot competition. We … level of the cost advantage is "moderate", then the firm with the cost advantage leads the cartel formation among the firms …