This article is cited in 2 papers

Control in Social and Economic Systems

Implicit and explicit coalitions in reflexive games

A. V. Gontarev^a, A. G. Chkhartishvili<sup>b

a</sup> Moscow Institute of Physics and Technology, Moscow
^b Institute of Control Sciences of RAS, Moscow

Abstract: A model of the oligopolistic market is considered. Market participants can conclude an agreement to maximize their aggregate profit (they can conclude this agreement implicitly or explicitly). Each member of the union maximizes the profit of coalition while all other market participants maximize their own profit. The case of implicit union is modeled with the concept of informational equilibrium of reflexive game.

Keywords: oligopoly; implicit coalition; explicit coalition; reflexive game.

UDC: 519.8
BBK: 22.18