research

Endogenous Coalitions Formations Through Technology Transfers and Fair Prices

Abstract

We consider a situation in which members of an oligopoly have different technologies, which allow them to produce at different costs. Members may license their technology to other members. Using the Aumann-Drèze modification of the Shapley value, we compute fair prices for these licenses. We also study the problem of stability for these ``licensing coalitions.''Cooperative Game Theory, Technology Transfers, Modified Shapley Value

    Similar works