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The Core of a Partition Function Game

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Author Info

  • László Á. Kóczy

    (Katholieke Universiteit Leuven)

Abstract

We consider partition function games and introduce new defini-tions of the core that include the effects of externalities. We assume that all players behave rationally and that all stable outcomes arising are consistent with the appropriate generalised concept of the core. The result is a recursive definition of the core where residual subgames are considered as games with fewer players and with a partition function that captures the externalities of the deviating coalition. Some properties of the new concepts are discussed.

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File URL: http://128.118.178.162/eps/game/papers/0012/0012004.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Game Theory and Information with number 0012004.

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Length: 9 pages
Date of creation: 07 Feb 2001
Date of revision:
Handle: RePEc:wpa:wuwpga:0012004

Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on A4; pages: 9; figures: none. A PDF file of 9 pages.
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Web page: http://128.118.178.162

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Keywords: core; partition function; externalities;

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  1. CHANDER, Parkash & TULKENS, Henry, 1995. "The Core of an Economy with Multilateral Environmental Externalities," CORE Discussion Papers 1995050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  2. Becker, Robert A & Chakrabarti, Subir K, 1995. "The Recursive Core," Econometrica, Econometric Society, vol. 63(2), pages 401-23, March.
  3. Yukihiko Funaki & Takehiko Yamato, 1999. "The core of an economy with a common pool resource: A partition function form approach," International Journal of Game Theory, Springer, vol. 28(2), pages 157-171.
  4. Herbert E. Scarf, 1965. "The Core of an N Person Game," Cowles Foundation Discussion Papers 182R, Cowles Foundation for Research in Economics, Yale University.
  5. d'ASPREMONT, Claude & JACQUEMIN, Alexis & GABSZEWICZ, Jean J. & WEYMARK, John A., . "On the stability of collusive price leadership," CORE Discussion Papers RP -522, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  6. MORELLI, Massimo & PENELLE, Philippe, 1997. "Economic integration as a partition function game," CORE Discussion Papers 1997085, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  7. repec:fth:louvco:9785 is not listed on IDEAS
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