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Equilibrium coalitional behavior

Author

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  • Kimya, Mert

    (School of Economics, University of Sydney)

Abstract

I develop two related solution concepts, equilibrium coalitional behavior and credible equilibrium coalitional behavior, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally among all its available options. The model does not require, but may use, the apparatus of a dynamic process or a protocol that specifies the negotiation procedure underlying coalition formation. Therefore, it forms a bridge between the non-cooperative and the cooperative approaches to foresight.

Suggested Citation

  • Kimya, Mert, 0. "Equilibrium coalitional behavior," Theoretical Economics, Econometric Society.
  • Handle: RePEc:the:publsh:3055
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    References listed on IDEAS

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    More about this item

    Keywords

    Coalition formation; farsightedness;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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