Cooperative inter-firm relations: a game theoretic approach and application to the furniture industry.

The writer proposes the view that potential Marshallian external economies can be realized through cooperative inter-firm relations. He models knowledge spillovers, the use of specialized machinery, the development of a local market for special skills, and the joint provision of sector services as P...

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Detalles Bibliográficos
Publicado en:Kyklos Vol. 52; no. 1; pp. 63 - 82
Autor principal: Parkin, Richard J.
Formato: Artículo
Publicado: Wiley-Blackwell 1999
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:The writer proposes the view that potential Marshallian external economies can be realized through cooperative inter-firm relations. He models knowledge spillovers, the use of specialized machinery, the development of a local market for special skills, and the joint provision of sector services as Prisoner's Dilemma games. His model explores the influence of changing payoffs and non-random pairing of agents on the viability and stability of the cooperative outcome. He then applies the model to the furniture industries of Italy and of London, England, in the 1980s.