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| Tekijä: | Brown, M. Chiang, S.-H. |
| Otsikko: | Unsystematic risk and coalition formation in product markets |
| Lehti: | International Journal of Industrial Organization
2002 : MAR, VOL. 20:3, p. 313-338 |
| Asiasana: | Uncertainty Market structure Risk management Economic performance Oligopoly |
| Kieli: | eng |
| Tiivistelmä: | The authors study the conjecture that increasing market volatility leads to larger coalitions in an oligopoly. They find that the conjecture generally fails in a small oligopoly whose firms play a unanimity game, but it is validated in an oligopoly that allows open membership. However, it is valid in a small oligopoly if market volatility volatility is suffiently high, whatever the rule of membership. |
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