Joint Venture's Dynamic Stability with Application to the Renault-Nissan Alliance

Nikolay A. Zenkevich; Anastasia F. Koroleva

Authors

Nikolay A. Zenkevich Saint Petersburg State University
Anastasia F. Koroleva Saint Petersburg State University

Abstract

The cooperative dynamic stochastic multistage game of joint venture is considered. We suggest a payoff distribution procedure (PDP), which defines a time consistent imputation. Based on the results obtained, we conduct a retrospective analysis of dynamic stability of the Renault-Nissan alliance. It is shown that partners within the alliance have divided their cooperative payoffs according to the suggested PDP.

Keywords:

strategic alliance, joint venture, dynamic stochastic cooperative games, dynamic stability, normalized share

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