Sequential coalition formation and the core in the presence of externalities

被引:16
作者
Koczy, Laszlo A. [1 ,2 ]
机构
[1] Tech Univ Budapest, Keleti Fac Econ, H-1084 Budapest, Hungary
[2] Maastricht Univ, Dept Econ, NL-6200 MD Maastricht, Netherlands
关键词
Core; Externalities; Sequential coalition formation; Order-independent equilibria; FUNCTION FORM GAMES; RECURSIVE CORE;
D O I
10.1016/j.geb.2008.04.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
The sequential coalition formation model of Bloch to solve cooperative games with externalities exhibits some anomalies when related to classical concepts [Bloch, F., 1996. Sequential formation of coalitions in games with externalities and fixed payoff division. Games Econ. Behav. 14, 90-123]. We elaborate on these problems, define a modification of Bloch's model and show that its order-independent equilibria coincide with the (pessimistic) recursive core [Koczy, L.A., 2007. A recursive core for partition function form games. Theory Dec. 63, 41-51]. (c) 2008 Elsevier Inc. All rights reserved.
引用
收藏
页码:559 / 565
页数:7
相关论文
共 11 条
  • [11] Shenoy P. P., 1979, International Journal of Game Theory, V8, P133, DOI 10.1007/BF01770064