Application of Cooperative Game Solution Concepts to a Collusive Oligopoly Game

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61988987%3A17310%2F12%3AA130153W" target="_blank" >RIV/61988987:17310/12:A130153W - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Application of Cooperative Game Solution Concepts to a Collusive Oligopoly Game
Original language description
An oligopoly is a market where a couple of large producers supply some goods. If the oligopoly is collusive, the producers form coalitions. Then, within each of the coalitions, the producers wish to divide their total profit among themselves. They coulduse a cooperative transferable utility game solution concept, such as the core, if the game were in the coalitional form. This, however, is not the case. In this paper, we propose an approach to overcome that difficulty: converting the collusive oligopoly into the partition function form, we show how the known cooperative game solution concepts (core, bargaining set) can be applied to that game. Actually, the proposed approach is suitable not only for a collusive oligopoly, but, under some assumptions,for any cooperative strategic form game.
Czech name
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Czech description
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Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 30th International Conference Mathematical Methods in Economics 2012
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
14-19
Publisher name
Silesian University in Opava. School of Business Administration in Karviná
Place of publication
Karviná
Event location
Karviná
Event date
Sep 11, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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