In production economies, the extent to which non-equilibria are blocked depends on specific rules that allocate authority among shareholders, because a blocking coalition's resources are affected by the firms it jointly owns with outsiders. Based on a notion of stochastic blocking, we extend...

Competitive behaviors such as outbidding one's rivals may be countered by the rivals' threat of mutually destructive objections. In an Arrow-Debreu model of production economies with firms privatized by property rights, we model such hindered competitive behaviors as a coalition's attempt to...

The core is reformulated to incorporate the externality typical in strategic form games.  Any coalition of players may deviate by trying to commit to a profile of actions different from a status quo.  The outsiders of the coalition may take a coordinated measure, incentive-feasibly for...