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  • 标题:Coalition formation and history dependence
  • 本地全文:下载
  • 作者:Bhaskar Dutta ; Hannu Vartiainen
  • 期刊名称:Theoretical Economics
  • 印刷版ISSN:1555-7561
  • 出版年度:2020
  • 卷号:15
  • 期号:1
  • 页码:159-197
  • DOI:10.3982/TE2947
  • 语种:English
  • 出版社:Econometric Society
  • 摘要:Farsighted formulations of coalitional formation, for instance, by Harsanyi and Ray and Vohra, have typically been based on the von Neumann–Morgenstern stable set. These farsighted stable sets use a notion of indirect dominance in which an outcome can be dominated by a chain of coalitional “moves” in which each coalition that is involved in the sequenceeventuallystands to gain. Dutta and Vohra point out that these solution concepts do not require coalitions to make optimal moves. Hence, these solution concepts can yield unreasonable predictions. Dutta and Vohra restricted coalitions to hold common, history‐independent expectations that incorporate optimality regarding the continuation path. This paper extends the Dutta–Vohra analysis by allowing for history‐dependent expectations. The paper provides characterization results for two solution concepts that correspond to two versions of optimality. It demonstrates the power of history dependence by establishing nonemptyness results for all finite games as well as transferable utility partition function games. The paper also provides partial comparisons of the solution concepts to other solutions.
  • 关键词:Coalition formation; farsightedness; vnM stable sets; history dependence
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