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On credible coalitional deviations by prudent players

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  • Anindya Bhattacharya

    ()

  • Abderrahmane Ziad

    ()

Abstract

In this paper we first explore the predictive power of the solution notion called conservative stable standard of behaviour (CSSB), introduced by Greenberg (1990) in environments with farsighted players (as modelled in Xue (1998)) as intuitively it is quite nice. Unfortunately, we find that CSSB has a number of undesirable properties. Therefore, we introduce a refinement of this which we call conservative stable weak predictor. We explore some existence properties of this new solution.

(This abstract was borrowed from another version of this item.)

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File URL: http://hdl.handle.net/10.1007/s00355-011-0647-x
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Bibliographic Info

Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 39 (2012)
Issue (Month): 2 (July)
Pages: 537-552

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Handle: RePEc:spr:sochwe:v:39:y:2012:i:2:p:537-552

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  1. Matthew O. Jackson & Anne van den Nouweland, 2002. "Strongly Stable Networks," Microeconomics 0211006, EconWPA.
  2. Herings,P. Jean-Jacques & Mauleon,Ana & Vannetelbosch,J., 2002. "Social Rationalizability," Research Memoranda 009, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
  3. Rubinstein, Ariel, 1980. "Stability of decision systems under majority rule," Journal of Economic Theory, Elsevier, vol. 23(2), pages 150-159, October.
  4. Bhattacharya, Anindya, 2002. "Coalitional stability with a credibility constraint," Mathematical Social Sciences, Elsevier, vol. 43(1), pages 27-44, January.
  5. Jackson, Matthew O. & Wolinsky, Asher, 1996. "A Strategic Model of Social and Economic Networks," Journal of Economic Theory, Elsevier, vol. 71(1), pages 44-74, October.
  6. Xue, Licun, 1997. "Nonemptiness of the Largest Consistent Set," Journal of Economic Theory, Elsevier, vol. 73(2), pages 453-459, April.
  7. Greenberg, Joseph & Monderer, Dov & Shitovitz, Benyamin, 1996. "Multistage Situations," Econometrica, Econometric Society, vol. 64(6), pages 1415-37, November.
  8. Licun Xue, 1998. "Coalitional stability under perfect foresight," Economic Theory, Springer, vol. 11(3), pages 603-627.
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