Robust equilibria in tournaments

被引:0
作者
Han, Lining [1 ]
Juarez, Ruben [2 ,3 ]
Vargas, Miguel [4 ]
机构
[1] Wuhan Univ, Econ & Management Sch, Wuhan, Peoples R China
[2] Univ Hawaii, Dept Econ, Honolulu, HI 96822 USA
[3] Univ Hawaii, UHERO, Honolulu, HI 96822 USA
[4] Univ Nacl Abierta & Distancia UNAD, Cali, Colombia
关键词
Coalition formation; Robust equilibria; Tournament; Externalities; COALITION-FORMATION; STABILITY; CORE; GAMES;
D O I
10.1016/j.geb.2023.08.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study robust equilibria in tournaments, where agents endowed with power form coalitions, and the coalition formed with the highest power prevails. We introduce the No-Threat Equilibrium (NTE), a stable partition where if a coalition deviates, then a new coalition could counter by forming an even stronger coalition. The NTE exists for any power function and preferences if and only if the set of feasible coalitions is a 'Helly' family. In contrast, the core is a partition in which no group of agents can profitably deviate by forming a feasible coalition, assuming that other agents do not react to such a deviation. The core is not empty for any power function and preferences if and only if the set of feasible coalitions has a 'hierarchical-structure'. The paper also adapts and characterizes other stability concepts to tournaments, including the alpha-core, beta-core, farsighted core and bargaining set.(c) 2023 Elsevier Inc. All rights reserved.
引用
收藏
页码:423 / 439
页数:17
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