Correlated Equilibria, Incomplete Information and Coalitional Deviations
AbstractThis paper proposes new concepts of strong and coalition-proof correlated equilibria where agents form coalitions at the interim stage and share information about their recommendations in a credible way. When players deviate at the interim stage, coalition-proof correlated equilibria may fail to exist for two-player games. However, coalition- proof correlated equilibria always exist in dominance-solvable games and in games with positive externalities and binary actions.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 763.
Date of creation: 2006
Date of revision:
correlated equilibrium ; coalitions ; information sharing ; games with positive externalities;
Other versions of this item:
- Bloch, Francis & Dutta, Bhaskar, 2009. "Correlated equilibria, incomplete information and coalitional deviations," Games and Economic Behavior, Elsevier, vol. 66(2), pages 721-728, July.
- Francis Bloch & Bhaskar Dutta, 2006. "Correlated Equilibria, Incomplete Information and Coalitional Deviations," Working Papers halshs-00410457, HAL.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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