Internal Organization of Firms and Cartel Formation

Jerome Kuipers and Norma Olaizola ()

No 6231, IKERLANAK from Universidad del País Vasco - Departamento de Fundamentos del Análisis Económico I

Abstract: We introduce and characterize a new solution concept for TU games. The new soluction is called SD-prenucleolus and is a lexicographic value although is not a weighted prenucleolus. The SD-prenucleolus satisfies several desirable poperties and is the only known solution that satisfies core stability, strong aggegate monotonicity and null player out property in the class of balanced games. The SD-prenucleolus is the only known solution that satisfies core stability continuity and is monotonic in the class of veto balanced games.

Keywords: cartels; stability; absorbing sets solution; strategic delegation (search for similar items in EconPapers)
Date: 2004-12
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Dpto. de Fundamentos del Análisis Económico I, Facultad de CC. Económicas y Empresariales, Universidad del País Vasco, Avda. Lehendakari Aguirre 83, 48015 Bilbao, Spain

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