Joint venture’s dynamic stability with application to the Renault–Nissan alliance

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.