Cooperative games with externalities and probabilistic coalitional beliefs
Giorgos Stamatopoulos ()
MPRA Paper from University Library of Munich, Germany
We revisit cooperative games with externalities, i.e. cooperative games where the payoff of a coalition depends on the partition of the entire set of players. We define the worth of a coalition assuming that its members have probabilistic beliefs over the coalitional behavior of the outsiders, i.e., they assign various probability distributions on the set of partitions that the outsiders can form. We apply this framework to symmetric aggregative games and derive conditions on coalitional beliefs that guarantee the non-emptiness of the core of the induced cooperative games.
Keywords: cooperative game; aggregative game; probabilistic belief; core (search for similar items in EconPapers)
JEL-codes: C7 C71 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://mpra.ub.uni-muenchen.de/92862/1/MPRA_paper_92862.pdf original version (application/pdf)
Working Paper: Cooperative Games with Externalities and Probabilistic Coalitional Beliefs (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92862
Access Statistics for this paper
More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().