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A Strategic Implementation of the Average Tree Solution for Cycle-Free Graph Games

Rene van den Brink (jrbrink@feweb.vu.nl), Gerard van der Laan and Nigel Moes

No 12-050/1, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This discussion paper led to a publication in the 'Journal of Economic Theory' , 2014, 148, 2737-2748.

In this note we provide a strategic implementation of the average tree solution for zero-monotonic cycle-free graph games. That is, we propose a non-cooperative mechanism of which the unique subgame perfect equilibrium payoffs correspond to the average hierarchical outcome of the game. This mechanism takes into account that a player is only able to communicate with other players (i.e., to make proposals about a division of the surplus of cooperation) when they are connected in the graph.

Keywords: implementation; cycle-free graph game; tree game; hierarchical outcome; average tree solution; weighted hierarchical outcome (search for similar items in EconPapers)
JEL-codes: C71 C72 (search for similar items in EconPapers)
Date: 2012-05-07
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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Journal Article: A strategic implementation of the Average Tree solution for cycle-free graph games (2013) Downloads
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