School of Economics, University of Nottingham, University Park Campus and Department of Economics (AE1), Maastricht University

Incentives to innovate is a central element of innovation theory. In the private-investment model, innovators privately fund innovation and then use intellectual property protection mechanisms to appropriate returns from these investments. In the collective-action model, public subsidy funds...

After highly fragmented civil wars, order is often secured through the selective co-optation of rebel field commanders and atomized insurgents. This paper presents a formal model of civil war settlement as a coalition formation game between various regime and rebel factions. This approach...

This study investigates factors that influence the termination of an international joint venture (IJV) and examines how the resulting wholly owned subsidiary’s (WOS) proximity to its previous partner can promote cluster formation in an emerging economy. The author uses a game-theoretic...

This paper argues that the key issue for defining and solving the Eurozone’s (EZ) difficulties lies in readjusting the relationship between the centre and the periphery of the EZ. Our argument proceeds in two steps. Firstly, the basic finance problem of a centre-periphery system is captured by...

Cooperative games model situations where the actors can collaborate, can form coalitions. We know many static models, but our world is more complex. Despite the fact that there have been several experimental studies on coalition formation there are only very few theoretical papers dealing with...

In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative,...

We present a model of partnership formation based on two discrete character traits. There are two classes of individual. Each individual observes a sequence of potential partners from the other class. The traits are referred to as attractiveness and character, respectively. All individuals...