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Correlated equilibria, incomplete information and coalitional deviations

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Bloch, Francis and Dutta, Bhaskar (2006) Correlated equilibria, incomplete information and coalitional deviations. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.763).

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Abstract

This paper proposes new concepts of strong and coalition-proof correlated equilibria where agents form coalitions at the interim stage and share information about their recommendations in a credible way. When players deviate at the interim stage, coalition-proof correlated equilibria may fail to exist for two-player games. However, coalition-proof correlated equilibria always exist in dominance-solvable games
and in games with positive externalities and binary actions.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Noncooperative games (Mathematics), Game theory, Equilibrium (Economics)
Series Name: Warwick economic research papers
Publisher: University of Warwick, Department of Economics
Place of Publication: Coventry
Official Date: 21 June 2006
Dates:
DateEvent
21 June 2006Published
Number: No.763
Number of Pages: 26
Institution: University of Warwick
Status: Not Peer Reviewed
Access rights to Published version: Open Access
Funder: Economic and Social Research Council (Great Britain) (ESRC)
Grant number: RES-000-22-0341 (ESRC)

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