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http://hdl.handle.net/20.500.11861/8655
Title: | Dynamically stable cost-saving joint venture |
Authors: | Prof. YEUNG Wing Kay, David Petrosyan, Leon A. |
Issue Date: | 2012 |
Source: | In Yeung, David W. K. & Petrosyan, Leon A. (2012). Subgame consistent economic optimization: An advanced cooperative dynamic game analysis (pp. 111-146). Birkhauser. |
Abstract: | 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. |
Type: | Book Chapter |
URI: | http://hdl.handle.net/20.500.11861/8655 |
ISBN: | 978-0-8176-8261-3 978-0-8176-8262-0 |
DOI: | https://doi.org/10.1007/978-0-8176-8262-0_5 |
Appears in Collections: | Economics and Finance - Publication |
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