The inner core and the strictly inhibitive set
Article Abstract:
An analysis of the inner core and the strictly inhibitive set is presented. The analysis assumes that natural market conditions induce unique games in coalitional form with absent transferable utility. It is shown that coalitions are formed with a single probability if any outcome is considered for improvement. In addition, a randomized mechanism must be included in analyzing stable outcomes, while inner core conditions are contained in strictly inhibitive outcome set.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Repeated games with finite automata
Article Abstract:
An analysis of the nature of repeated games given finite automata conditions is presented. The analysis focuses on the asymptotic behavior of equilibrium payoff sets under the given game constraints. It is shown that value sequences adhere to the value for one-shot games under a zero-sum game with players' automata approach infinity. In addition, automata size does not exhibit any vital impact on game results.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Perturbed adaptive dynamics in coalition form games
Article Abstract:
The development of bargaining skills by players is examined in detail, using an extension of a Nash game as a bargaining game. The role of stochastically stable allocations is assessed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The endowment effect and the role of uncertainty. A general approach to rational learning in games. The CES-translog production function, returns to scale and AES
- Abstracts: The origins of uneven development: the Indian subcontinent. The roots of divergence: Western economic history in comparative perspective
- Abstracts: Monetary neutrality in a dynamic macroeconomic model under alternative monetary regimes. Testing aggregate neutrality with heterogeneous sectors
- Abstracts: The interplay between micro-frontier and sectoral short-run production functions. Malmquist indices of productivity growth during the deregulation of Norwegian banking, 1980-89
- Abstracts: Asset pricing and the role of money in an intergenerational economy. The risk and price volatility of stock options in general equilibrium