Formation of coalitions in oligopolies is modeled as a noncooperative game in which firms' strategies have a binary form (to cooperate or not). The author demonstrates a one-to-one correspondence between stable cartels defined by C. d'Aspremont et al. (1983) and the Nash equilibria of this game. Using a 'coalition-proof Nash equilibrium,' they define the concept of a coalition-proof stable cartel and prove that there is a unique equilibrium.
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Volume (Year): 31 (1998) Issue (Month): 1 (February) Pages: 63-76 Download reference. The following formats are available: HTML
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Handle: RePEc:cje:issued:v:31:y:1998:i:1:p:63-76
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Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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