Sequential coalition formation and the core in the presence of externalities
The sequential coalition formation model of Bloch (1996) to solve cooperative games with externalities exhibits some anomalies when related to classical concepts. We elaborate on these problems, define a modification of Bloch's model and show that its order-independent equilibria coincide with the (pessimistic) recursive core.
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| Length: | 12 pages |
| Date of creation: | Feb 2006 |
| Date of revision: | Apr 2008 |
| Publication status: | Forthcoming in Games and Economic Behavior |
| Handle: | RePEc:pkk:wpaper:0801 |
| Contact details of provider: | Postal: 1084 Budapest, Tavaszmezö u. 15-17 Phone: +36-1-6665208 Fax: +36-1-6665209 Web page: http://www.kgk.uni-obuda.hu More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lagunoff Roger D., 1994. "A Simple Noncooperative Core Story," Games and Economic Behavior, Elsevier, vol. 7(1), pages 54-61, July.
- Moldovanu Benny & Winter Eyal, 1995. "Order Independent Equilibria," Games and Economic Behavior, Elsevier, vol. 9(1), pages 21-34, April.
- Kalyan Chatterjee & Bhaskar Dutta & Debraj Ray & Kunal Sengupta, 1993. "A Noncooperative Theory of Coalitional Bargaining," Review of Economic Studies, Oxford University Press, vol. 60(2), pages 463-477.
- Kóczy László Á, 2006.
"A recursive core for partition function form games,"
Research Memorandum
031, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- László Kóczy, 2007. "A recursive core for partition function form games," Theory and Decision, Springer, vol. 63(1), pages 41-51, August.
- Perry, Motty & Reny, Philip J, 1994.
"A Noncooperative View of Coalition Formation and the Core,"
Econometrica,
Econometric Society, vol. 62(4), pages 795-817, July.
- Perry, M. & Rany, P., 1992. "A Non-Cooperative View of Coalition Formation and the Core," UWO Department of Economics Working Papers 9203, University of Western Ontario, Department of Economics.
- Chen Ying Huang & Tomas Sjostrom, 2005.
"Implementation of the Recursive Core for Partition Function Form Games,"
Economics Working Papers
0052, Institute for Advanced Study, School of Social Science.
- Huang, Chen-Ying & Sjostrom, Tomas, 2006. "Implementation of the recursive core for partition function form games," Journal of Mathematical Economics, Elsevier, vol. 42(6), pages 771-793, September.
- Bloch, Francis, 1996. "Sequential Formation of Coalitions in Games with Externalities and Fixed Payoff Division," Games and Economic Behavior, Elsevier, vol. 14(1), pages 90-123, May.
- Huang, Chen-Ying & Sjostrom, Tomas, 2003. "Consistent solutions for cooperative games with externalities," Games and Economic Behavior, Elsevier, vol. 43(2), pages 196-213, May.
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