On the existence of a cooperative solution for a coalitional game with externalities
AbstractThis paper analyzes a game in coalitional form that is derived from a simple economy with multilateral externalities. Following Chander and Tulkens (1997) we assume that agents react to a blocking coalition by choosing individual best reply strategies. A non-empty core of this game is established by showing that the game is balanced. The proof relies only on standard convexity assumptions and, therefore, substantially generalizes the results in Chander and Tulkens (1997).
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Bibliographic InfoPaper provided by Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute of Economics (VWL) in its series Publications of Darmstadt Technical University, Institute of Economics (VWL) with number 33633.
Date of creation: 2001
Date of revision:
Publication status: Published in International Journal of Game Theory 1 . 30 (2001) : pp. 141-146
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- Carsten Helm, 2001. "On the existence of a cooperative solution for a coalitional game with externalities," International Journal of Game Theory, Springer, vol. 30(1), pages 141-146.
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