Equilibrium Binding Agreements
Equilibrium Binding Agreements
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平衡约束协议
DOI:
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发表时间:
1997
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通讯作者:
R. Vohra
中科院分区:
文献类型:
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作者:
Debraj Ray;R. Vohra
Abstract We study equilibrium binding agreements, the coalition structures that form under such agreements, and the efficiency of the outcomes that result. We analyze such agreements in a context where the payoff to each player depends on the actions of all other players. Thus a game in strategic form is a natural starting point. Unlike the device of a characteristic function, explicit attention is paid to the behavior of the complementary set of players when a coalition blocks a proposed agreement. A solution concept and its applications are discussed. Journal of Economic Literature Classification Numbers: C70, C71.