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Sequential coalition formation and the core in the presence of externalities

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Author Info
László Á. Kóczy () (Budapest Tech)

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Abstract

The sequential coalition formation model of Bloch (1996) to solve cooperative games with externalities exhibits some anomalies when related to classical concepts. 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.

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File URL: http://bmf.hu/users/vecseya/RePEc/pkk/wpaper/0801.pdf
File Format: application/pdf
File Function: Author's Accepted Manuscript, 2008
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Publisher Info
Paper provided by Budapest Tech, Keleti Faculty of Economics in its series Working Paper Series with number 0801.

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Length: 12 pages
Date of creation: Feb 2006
Date of revision: Apr 2008
Publication status: Forthcoming in Games and Economic Behavior
Handle: RePEc:pkk:wpaper:0801

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Related research
Keywords: Core; externalities; sequential coalition formation; order-independent equilibria;

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Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lagunoff Roger D., 1994. "A Simple Noncooperative Core Story," Games and Economic Behavior, Elsevier, vol. 7(1), pages 54-61, July. [Downloadable!] (restricted)
  2. Perry, Motty & Reny, Philip J, 1994. "A Noncooperative View of Coalition Formation and the Core," Econometrica, Econometric Society, vol. 62(4), pages 795-817, July. [Downloadable!] (restricted)
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  3. Kóczy, Lászlo Á., 2006. "Sequential Coalition Formation and the Core in the Presence of Externalities," Research Memoranda 047, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
    Other versions:
  4. Chatterjee, Kalyan & Bhaskar Dutta & Debraj Ray & Kunal Sengupta, 1993. "A Noncooperative Theory of Coalitional Bargaining," Review of Economic Studies, Blackwell Publishing, vol. 60(2), pages 463-77, April. [Downloadable!] (restricted)
  5. Huang, Chen-Ying & Sjostrom, Tomas, 2006. "Implementation of the recursive core for partition function form games," Journal of Mathematical Economics, Elsevier, vol. 42(6), pages 771-793, September. [Downloadable!] (restricted)
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  6. Bloch, Francis, 1996. "Sequential Formation of Coalitions in Games with Externalities and Fixed Payoff Division," Games and Economic Behavior, Elsevier, vol. 14(1), pages 90-123, May. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. László Á. Kóczy, 2006. "Sequential coalition formation and the core in the presence of externalities," Working Paper Series 0801, Budapest Tech, Keleti Faculty of Economics, revised Apr 2008. [Downloadable!]
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  2. László Kóczy, 2007. "A recursive core for partition function form games," Theory and Decision, Springer, vol. 63(1), pages 41-51, August. [Downloadable!] (restricted)
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  3. Kóczy, László Á., 2008. "Stationary quasi-perfect equilibrium partitions constitute the recursive core," Research Memoranda 028, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
  4. László Á. Kóczy, 2009. "Stationary consistent equilibrium coalition structures constitute the recursive core," Working Paper Series 0905, Budapest Tech, Keleti Faculty of Economics. [Downloadable!]
    Other versions:
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