@inbook{95067a6873814ba89790a1ce6ca87755,
title = "Cost-saving joint venture under uncertainty",
abstract = "In this chapter, we consider a cost-saving joint venture in the presence of stochastic elements. Section 9.1 formulates a dynamic cost-saving corporate joint venture in a stochastic environment and characterizes its subgame consistent solutions. An explicitly solvable illustration is given in Sect. 9.2. A characterization of the Shapley Value solution to a stochastic cost-saving joint venture is presented in Sect. 9.3 and a payoff distribution procedure leading to a subgame consistent solution is computed. Extensions to infinite-horizon ventures are formulated with explicit illustrations in the subsequent two sections.",
keywords = "Expected profit, Grand coalition, Joint venture, Stochastic control problem, Technical appendix",
author = "Yeung, {David W.K.} and Petrosyan, {Leon A.}",
year = "2012",
month = jan,
day = "1",
doi = "10.1007/978-0-8176-8262-0_9",
language = "English",
isbn = "9780817682613",
series = "Static and Dynamic Game Theory: Foundations and Applications",
publisher = "Birkh{\"a}user Verlag AG",
pages = "239--270",
booktitle = "Static and Dynamic Game Theory",
address = "Switzerland",
}