Psychiatric medicine · 2016 · 46 citations · 0 references
NegotiationGame TheoryLawAntitrustMarket DesignIndustrial OrganizationAntitrust PolicyManagementCooperative StrategyMechanism DesignAntitrust EnforcementCooperative SystemInter-firm CoordinationCoopetitionTwo-sided MarketFinanceStandardized TransactionsSports LeagueCompetition PolicyBusinessCooperative Game TheoryFinancial Exchanges
It is easy to think of many instances where cooperative behavior among rivals is both necessary and desirable to achieve efficiencies. For example, in a sports league it is necessary for the proper functioning of the league that competing teams be permitted to have collective agreements on what rules to follow and when to schedule games.1 Similarly, in industries in which products require standardization it is often necessary for rivals to come to a consensus in order to decide what standards to adopt for the products.2 Finally, where firms engage in standardized transactions, such as financial exchanges, it is often necessary to construct rules by which such transactions can be efficiently communicated and settled.3