000 03045nam a22005775i 4500
001 978-3-642-19763-5
003 DE-He213
005 20140220083758.0
007 cr nn 008mamaa
008 110629s2011 gw | s |||| 0|eng d
020 _a9783642197635
_9978-3-642-19763-5
024 7 _a10.1007/978-3-642-19763-5
_2doi
050 4 _aHB144
072 7 _aPBUD
_2bicssc
072 7 _aKCH
_2bicssc
072 7 _aBUS069000
_2bisacsh
072 7 _aMAT011000
_2bisacsh
082 0 4 _a330.0151
_223
082 0 4 _a330
_223
100 1 _aHorniacek, Milan.
_eauthor.
245 1 0 _aCooperation and Efficiency in Markets
_h[electronic resource] /
_cby Milan Horniacek.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg :
_bImprint: Springer,
_c2011.
300 _aVII, 92p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v649
505 0 _aIntroduction -- Model -- Existence of an SRPE and an SSPE -- Efficiency of an SRPE and an SSPE -- Afterword.
520 _aThe book deals with collusion between firms on both sides of a market that is immune to deviations by coalitions. We study this issue using an infinitely countably repeated game with discounting of future single period payoffs. A strict strong perfect equilibrium is the main solution concept that we apply. It requires that no coalition of players in no subgame can weakly Pareto improve the vector of continuation average discounted payoffs of its members by a deviation. If the sum of firms' average discounted profits is maximized along the equilibrium path then the equilibrium output of each type of good is produced with the lowest possible costs. If, in addition, all buyers are retailers (i.e., they resell the goods purchased in the analyzed market in a retail market) then the equilibrium vector of the quantities sold in the retail market is sold with the lowest possible selling costs. We specify sufficient conditions under which collusion increases consumer welfare.
650 0 _aEconomics.
650 0 _aMathematics.
650 0 _aEconomic policy.
650 0 _aIndustrial organization (Economic theory).
650 0 _aMicroeconomics.
650 0 _aEconomics, Mathematical.
650 1 4 _aEconomics/Management Science.
650 2 4 _aGame Theory/Mathematical Methods.
650 2 4 _aIndustrial Organization.
650 2 4 _aEconomic Policy.
650 2 4 _aEconomic Theory.
650 2 4 _aMicroeconomics.
650 2 4 _aGame Theory, Economics, Social and Behav. Sciences.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642197628
830 0 _aLecture Notes in Economics and Mathematical Systems,
_x0075-8442 ;
_v649
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-19763-5
912 _aZDB-2-SBE
999 _c107636
_d107636