Detailed Information

Cited 0 time in webofscience Cited 4 time in scopus
Metadata Downloads

Endogenous formation of coalitions with composite goods

Authors
Kim, CShin, H
Issue Date
Dec-2002
Publisher
ELSEVIER SCIENCE BV
Keywords
composite goods; stable Nash coalition structure
Citation
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, v.20, no.10, pp 1491 - 1511
Pages
21
Journal Title
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
Volume
20
Number
10
Start Page
1491
End Page
1511
URI
https://scholarworks.sookmyung.ac.kr/handle/2020.sw.sookmyung/16378
DOI
10.1016/S0167-7187(02)00037-1
ISSN
0167-7187
Abstract
We construct a model of endogenous formation of coalitions when three goods are necessary for a composite good, and composite goods are substitutes for each other. This analysis extends Economides and Salop's [Journal of Industrial Economics XL (1992) 105] model of composite goods where two goods are necessary. We analyze the welfare implications of coalition structure, and investigate which coalition structure leads to the highest social welfare. The paper investigates whether the most desirable coalition structure represents an equilibrium, and provides a sufficient condition for the socially efficient coalition structure to be a stable Nash coalition structure. (C) 2002 Elsevier Science B.V. All rights reserved.
Files in This Item
There are no files associated with this item.
Appears in
Collections
경상대학 > 경제학부 > 1. Journal Articles

qrcode

Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.

Altmetrics

Total Views & Downloads

BROWSE