Stackelberg Assumption vs. Nash Assumption in Partially Cooperative Games
We deal with n-person normal form games where a subset of players decide to cooperate (signatories) and choose strategies by maximizing the aggregate welfare of the coalition members as in International Environmental Agreements (IEA) context. The non-cooperating (non-signatories) players choose their strategies as a Nash equilibrium. In this paper the partial cooperative equilibrium (PCE) under the Nash-Cournot and the Stackelberg assumptions are considered and presented also in the case of non-signatories multiple decision. Some properties are discussed in both situations, particularly the profit of the players are compared.
Volume (Year): 6 (2012)
Issue (Month): 1 (March)
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References listed on IDEAS
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- Carraro, Carlo & Siniscalco, Domenico, 1992. "The international dimension of environmental policy," European Economic Review, Elsevier, vol. 36(2-3), pages 379-387, April.
- Yi, Sang-Seung, 1997. "Stable Coalition Structures with Externalities," Games and Economic Behavior, Elsevier, vol. 20(2), pages 201-237, August.
- Subhadip Chakrabarti & Robert Gilles & Emiliya Lazarova, 2011. "Strategic behavior under partial cooperation," Theory and Decision, Springer, vol. 71(2), pages 175-193, August. Full references (including those not matched with items on IDEAS)
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