Generalization of the social coalitional equilibrium structure
Generalization of the social coalitional equilibrium structure
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DOI:
10.1007/s40505-023-00242-w
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发表时间:
2023-03
影响因子:
0.3
通讯作者:
Ken Urai;Hiromi Murakami;Weiye Chen
中科院分区:
文献类型:
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作者:
Ken Urai;Hiromi Murakami;Weiye Chen
We generalize the notion of Ichiishi (Econometrica 49(2):369–377, )’ssocial coalitional equilibriumto amulti-layered coalition structurewithparameters, in which agents can incorporate simultaneously multiple coalition structures with multiple independent coalition-deviation opportunities. For each opportunity, agents play a social coalitional equilibrium (SCE) game, called asub-parametric SCE game, constrained by external environment (parameters and joint decisions of all other sub-parametric SCE games). The generalized social coalitional equilibrium (GSCE) concept is, therefore, considered to be a synthesis of the Nash equilibrium concept and the cooperative solution concept. We provide the definition of GSCE and give the proof of existence theorem. Through some applications to general equilibrium models, the GSCE concept provides a conceptual framework for describing coexisting different industries having independent investment opportunities and their simultaneously determinedindustrial organizations.