Order independent equilibria
Order independent equilibria
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阶独立平衡
DOI:
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发表时间:
1995
期刊:
影响因子:
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通讯作者:
Eyal Winter
中科院分区:
文献类型:
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作者:
B. Moldovanu;Eyal Winter
We study a noncooperative game of coalition formation, based on an underlying game in coalitional form. We introduce order independent equilibria (OIE). A strategy profile is an OIE if, for any specification of first movers in the sequential game, it remains an equilibrium and leads to the same payoff. Our results are: (1) Payoffs in OIE that use pure, stationary strategies must be in the core of the underlying game in coalitional form. (2) If the underlying game has the property that all its subgames have nonempty cores then, for each payoff vector, there exists an OIE with the same payoff. Journal of Economic Literature Classification Numbers: C70, C71, C72, C78.