Stationary consistent equilibrium coalition structures constitute the recursive core

László Kóczy ()

No 905, Working Paper Series from Óbuda University, Keleti Faculty of Business and Management

Abstract: We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition structure core (Kóczy, GEB, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative, sequential coalition formation model and show that the set of equilibrium outcomes coincides with the recursive core. In order to extend past results to games that are not totally balanced (understood in this special setting) we introduce subgame-consistency that requires perfectness in relevant subgames only, while subgames that are never reached are ignored.

Keywords: partition function; externalities; implementation; recursive core; stationary perfect equilibrium; time consistent equi- librium (search for similar items in EconPapers)
JEL-codes: C71 C72 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009-08
New Economics Papers: this item is included in nep-gth
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Related works:
Journal Article: Stationary consistent equilibrium coalition structures constitute the recursive core (2015)
Working Paper: Stationary Consistent Equilibrium Coalition Structures Constitute the Recursive Core (2012)
Working Paper: Stationary consistent equilibrium coalition structures constitute the recursive core (2012)
Working Paper: Stationary Consistent Equilibrium Coalition Structures Constitute the Recursive Core (2009)
Working Paper: Stationary Consistent Equilibrium Coalition Structures Constitute the Recursive Core (2009)
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