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Record W1965925421 · doi:10.1287/mnsc.1060.0605

Stable Farsighted Coalitions in Competitive Markets

2007· article· en· W1965925421 on OpenAlexaff
Mahesh Nagarajan, Greys Sošić

Bibliographic record

VenueManagement Science · 2007
Typearticle
Languageen
FieldDecision Sciences
TopicGame Theory and Applications
Canadian institutionsUniversity of British Columbia
Fundersnot available
KeywordsStatus quoMicroeconomicsEconomicsProfit (economics)Competition (biology)AllianceMarket shareOutcome (game theory)Market economy

Abstract

fetched live from OpenAlex

In this paper, we study dynamic alliance formation among agents in competitive markets. We look at n agents selling substitutable products competing in a market. In this setting, we examine models with deterministic and stochastic demand, and we use a two-stage approach. In Stage 1, agents form alliances (coalitions), and in Stage 2, coalitions make decisions (price and inventory) and compete against one another. To analyze the stability of coalition structures in Stage 1, we use two notions from cooperative games—the largest consistent set (LCS) and the equilibrium process of coalition formation (EPCF)—which allow players to be farsighted. Thus, in forming alliances, players consider two key phenomena: First, players trade off the size of the total profit of the system versus their allocation of this total pie, and second, they weigh the possibility that an immediate beneficial defection can trigger further counter defections that in the end may prove to be worse than the status quo. In particular, one such example is that of the grand coalition—which we show to be stable in the farsighted sense—even though players benefit myopically by defecting from it. We also provide conditions under which a situation of a few lone players competing against a large coalition is stable. We examine the impact of the size of the market (n), the degree of competition, the effect of cost parameters, and the variability of the demand process on the prices, inventory levels, and structure of the market. We discuss the possible strategic implications of our results to firms in a competitive market and for new entrants.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.018
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.004
Threshold uncertainty score0.021

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0040.018
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0020.004
Scholarly communication0.0030.004
Open science0.0010.003
Research integrity0.0020.002
Insufficient payload (model declined to judge)0.0040.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.065
GPT teacher head0.383
Teacher spread0.318 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations96
Published2007
Admission routes1
Has abstractyes

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