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Sequential coalition formation and the core in the presence of externalities
László Á. Kóczy
Working Paper Series from Óbuda University, Keleti Faculty of Business and Management
The sequential coalition formation model of Bloch (1996) to solve cooperative games with externalities exhibits some anomalies when related to classical concepts. 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.
Keywords: Core; externalities; sequential coalition formation; order-independent equilibria (search for similar items in EconPapers)
JEL-codes: C71 C72 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2006-02, Revised 2008-04
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Forthcoming in Games and Economic Behavior
Downloads: (external link) http://uni-obuda.hu/users/vecseya/RePEc/pkk/wpaper/0801.pdf Author's Accepted Manuscript, 2008 (application/pdf)
Related works: Journal Article: Sequential coalition formation and the core in the presence of externalities (2009) Working Paper: Sequential Coalition Formation and the Core in the Presence of Externalities (2006) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:pkk:wpaper:0801
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