THE EFFECT OF MARKETING COOPERATIVES ON COST-REDUCING PROCESS INNOVATION ACTIVITY



Table 4. Subgame Perfect Equilibrium in the Mixed Oligopsony when the Co-op is a Monopsonist in
Stage 3

Pre-innovation Stage
(Stage 1)

wC(1)

wI(1)

8tψpC+ pI- 3t

8tψ +1
4tψpC+(4tψ+1) pI-2t(2tψ+1)

8tψ +1

2ψ(3t + Pc - Pi )

xC(1)

8 tψ +1

2ψ + 1 + 2ψ(Pi -Pc)

xI(1)

8 tψ +1

Innovation Stage

r

2(3t + Pc - Pi )

(Stage 2)

C

8 tψ +1

rI

0

r

2(3t + Pc - Pi )

rT

8 tψ +1

Post-innovation Stage

wC(3)

6t+(8tψ+3)Pc-2Pi

(Stage 3)

C(3)

8 tψ +1

wI(3)

_

xC(3)

1

xI(3)

0



More intriguing information

1. The name is absent
2. The name is absent
3. The name is absent
4. The name is absent
5. Robust Econometrics
6. SOCIOECONOMIC TRENDS CHANGING RURAL AMERICA
7. The name is absent
8. The name is absent
9. The name is absent
10. The Distribution of Income of Self-employed, Entrepreneurs and Professions as Revealed from Micro Income Tax Statistics in Germany