Article ID Journal Published Year Pages File Type
5072685 Games and Economic Behavior 2009 8 Pages PDF
Abstract
This paper proposes new concepts of strong and coalition-proof correlated equilibria where agents form coalitions at the interim stage and share information about their recommendations in a credible way. When players deviate at the interim stage, coalition-proof correlated equilibria may fail to exist for two-player games. However, coalition-proof correlated equilibria always exist in dominance-solvable games and in games with positive externalities and binary actions.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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