The Core of a Partition Function Game
We consider partition function games and introduce new definitions 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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"The Core of an Economy With Multilateral Environmental Externalities,"
886, California Institute of Technology, Division of the Humanities and Social Sciences.
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