Consistent solutions for cooperative games with externalities
نویسندگان
چکیده
In order to calculate the worth of a coalition of players, the coalition needs to predict the actions of outsiders. We propose that, for a given solution concept, such predictions should be made by applying the solution concept to the “reduced society” consisting of the non-members. We illustrate by computing the r-core for the case of Bertrand competition with differentiated commodities. 2003 Elsevier Science (USA). All rights reserved. JEL classification: C71
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ورودعنوان ژورنال:
- Games and Economic Behavior
دوره 43 شماره
صفحات -
تاریخ انتشار 2003