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–298) is proposed to allow for multiple membership. The definition of the core is adapted analogously and the possibilities for …
Persistent link: https://www.econbiz.de/10011030505
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10009294679
This paper presents a new cooperative equilibrium for strategic form games, denoted Conjectural Cooperative Equilibrium (CCE). This concept is based on the expectation that joint deviations from any strategy profile are followed by an optimal and noncooperative reaction of non deviators. We show...
Persistent link: https://www.econbiz.de/10009294682
requirement reflects some forms of indivisibility. We are interested in the classes of games that guarantee a non-empty core no …
Persistent link: https://www.econbiz.de/10008682973
the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …
Persistent link: https://www.econbiz.de/10008682987
This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting …-games. Three different core concepts are presented: the classical core, the strong sequential core and the weak sequential core …. Sufficient conditions are given for nonemptiness of the classical core in general and of the weak sequential core for the case of …
Persistent link: https://www.econbiz.de/10005050933
This paper studies the core of combined games, obtained by summing two coalitional games. It is shown that the set of … core of the combined game coincides with the sum of the cores of its components. On the other hand, for non-balanced games …, the binary relation associating two component games whose combination has an empty core is not transitive. However, we …
Persistent link: https://www.econbiz.de/10010284063
mergers under oligopoly. We show that, although so far the industrial organization and the cooperative game … the basic problem of the stability of the whole industry association of firms under oligopoly and, for this purpose, we … introduce the concept of core in games with externalities. We show that different assumptions on the behaviour as well as on the …
Persistent link: https://www.econbiz.de/10009395805
outside players play their best response noncooperatively, the core is nonempty in games with strategic complements. We apply …
Persistent link: https://www.econbiz.de/10005620003
are currently employed/unemployed. We show that such a process is absorbed into the core with probability one in finite … time. Moreover, within the core, allocations are selected that are characterized by surplus splitting according to a …
Persistent link: https://www.econbiz.de/10011453256