Sequential coalition formation and the core in the presence of externalities

László Á. Kóczy ()

Games and Economic Behavior, 2009, vol. 66, issue 1, pages 559-565

Abstract: The sequential coalition formation model of Bloch to solve cooperative games with externalities exhibits some anomalies when related to classical concepts [Bloch, F., 1996. Sequential formation of coalitions in games with externalities and fixed payoff division. Games Econ. Behav. 14, 90-123]. 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 [Kóczy, L.Á., 2007. A recursive core for partition function form games. Theory Dec. 63, 41-51].

Keywords: Core; Externalities; Sequential; coalition; formation; Order-independent; equilibria (search for similar items in EconPapers)
Date: 2009
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Related works:
Working Paper: Sequential coalition formation and the core in the presence of externalities (2008)
Working Paper: Sequential Coalition Formation and the Core in the Presence of Externalities (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:eee:gamebe:v:66:y:2009:i:1:p:559-565

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