Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review
Dynamically stable cost-saving joint venture. / Yeung, David W.K.; Petrosyan, Leon A.
Static and Dynamic Game Theory: Foundations and Applications. 9780817682613. ed. Birkhäuser Verlag AG, 2012. p. 111-146 (Static and Dynamic Game Theory: Foundations and Applications; No. 9780817682613).Research output: Chapter in Book/Report/Conference proceeding › Chapter › Research › peer-review
}
TY - CHAP
T1 - Dynamically stable cost-saving joint venture
AU - Yeung, David W.K.
AU - Petrosyan, Leon A.
PY - 2012/1/1
Y1 - 2012/1/1
N2 - In this chapter, we consider a common economic activity involving cooperative optimization—joint venture. However, it is often observed that after a certain time of cooperation some firms in a joint venture may gain sufficient skills and technology that they would do better by breaking away from the joint operation. Analysis on time (optimal-trajectory subgame) consistent joint ventures are presented in the following sections.
AB - In this chapter, we consider a common economic activity involving cooperative optimization—joint venture. However, it is often observed that after a certain time of cooperation some firms in a joint venture may gain sufficient skills and technology that they would do better by breaking away from the joint operation. Analysis on time (optimal-trajectory subgame) consistent joint ventures are presented in the following sections.
KW - Consistent solution
KW - Grand coalition
KW - Joint venture
KW - Optimal control problem
KW - Technical appendix
UR - http://www.scopus.com/inward/record.url?scp=85057555222&partnerID=8YFLogxK
U2 - 10.1007/978-0-8176-8262-0_5
DO - 10.1007/978-0-8176-8262-0_5
M3 - Chapter
AN - SCOPUS:85057555222
T3 - Static and Dynamic Game Theory: Foundations and Applications
SP - 111
EP - 146
BT - Static and Dynamic Game Theory
PB - Birkhäuser Verlag AG
ER -
ID: 48343235