![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-1](http://images.happyhaksul.com/thumb/553/552917-0001.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-2](http://images.happyhaksul.com/thumb/553/552917-0002.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-3](http://images.happyhaksul.com/thumb/553/552917-0003.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-4](http://images.happyhaksul.com/thumb/553/552917-0004.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-5](http://images.happyhaksul.com/thumb/553/552917-0005.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-6](http://images.happyhaksul.com/thumb/553/552917-0006.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-7](http://images.happyhaksul.com/thumb/553/552917-0007.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-8](http://images.happyhaksul.com/thumb/553/552917-0008.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-9](http://images.happyhaksul.com/thumb/553/552917-0009.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-10](http://images.happyhaksul.com/thumb/553/552917-0010.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-11](http://images.happyhaksul.com/thumb/553/552917-0011.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-12](http://images.happyhaksul.com/thumb/553/552917-0012.gif)
![[기업경제학] 게임이론의 관점에서 본 CJ의 대한통운 인수-13](http://images.happyhaksul.com/thumb/553/552917-0013.gif)
분야
doc2. Previous situation prior to bidding competition
3. Strategic situation between two raiders, POSCO and CJ
4. Raider, CJ, and Maiden, Korea Express’s Strategic Response
5. Conclusion
6. Reference
7. Appendix
Among potential companies that showed willingness to buy, POSCO, Lotte and CJ were the plausible candidates. However, later in M&A process, it has been narrowed down to competition between POSCO and CJ. Whereas CJ originally formed its consortium with Samsung Insurance for the sake of capital funding, the contract between the two has been terminated. Instead, POSCO and Samsung SDS formed allied force to pursue common goal of obtaining Korea Express and became more attractive candidate for the new owner of Korea Express. We have analyzed such situation of CJ and POSCO consortium competing each other as in game theory. According to our team’s analysis, two players were all motivated to engage in price competition. After bidding price compromise from Kumho Asiana, Korea Express has chosen CJ as its new owner. Because CJ had contract with Korea Express with far higher price than Korea Express’s original firm value, CJ now is suffering winner’s curse.
