We examine the effects of (passive) cross-holdings in the downstream market on the sustainability of upstream collusion. We consider two competing vertical chains with downstream Cournot and homogeneous goods. Each downstream firm holds a (symmetric) non-controlling share of its rival.
We study the endogenous emergence of incentive contracts used by firm owners to delegate the strategic decisions of the firm
This article develops a dynamic game-theoretic model of optimizing strategic behaviour by football teams.
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