Equilibrium coalitional behavior

Mert Kimya ()
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Mert Kimya: School of Economics, University of Sydney

Theoretical Economics, 2020, vol. 15, issue 2

Abstract: I develop two related solution concepts, equilibrium coalitional behavior and credible equilibrium coalitional behavior, which capture foresight and impose the requirement that each coalition in a sequence of coalitional moves chooses optimally among all its available options. The model does not require, but may use, the apparatus of a dynamic process or a protocol that specifies the negotiation procedure underlying coalition formation. Therefore, it forms a bridge between the non-cooperative and the cooperative approaches to foresight.

Keywords: Coalition formation; farsightedness (search for similar items in EconPapers)
JEL-codes: C70 C71 C72 D71 (search for similar items in EconPapers)
Date: 2020-05-01
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Citations: View citations in EconPapers (15)

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