TY - JOUR
T1 - Order independent equilibria
AU - Moldovanu, Benny
AU - Winter, Eyal
PY - 1995/4
Y1 - 1995/4
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0002551967&partnerID=8YFLogxK
U2 - 10.1006/game.1995.1003
DO - 10.1006/game.1995.1003
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AN - SCOPUS:0002551967
SN - 0899-8256
VL - 9
SP - 21
EP - 34
JO - Games and Economic Behavior
JF - Games and Economic Behavior
IS - 1
ER -