Equilibrium binding agreements: a comment
نویسنده
چکیده
To construct their Equilibrium Binding Agreements, Ray an Vohra [J. Econ. Theory, 73, 1997 ] define a concept of an equilibrium between coalitions. We show that this latter implicitely assumes that players, whithin each coalitions, use correlated strategies. We provide an example where such an equilibrium does not exist when players use uncorrelated strategies.
منابع مشابه
Equilibrium Binding Agreements
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ورودعنوان ژورنال:
- J. Economic Theory
دوره 117 شماره
صفحات -
تاریخ انتشار 2004