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Contributions to Game Theory and Management, 2014, Volume 7, Pages 51–60 (Mi cgtm219)  

On uniqueness of coalitional equilibria

Michael Finusa, Pierre von Moucheb, Bianca Rundshagenc

a University of Bath, Department of Economics, Bath BA2 7AY, United Kingdom
b Wageningen Universiteit, Hollandseweg 1, 6700 EW, Wageningen, The Netherlands
c Universität Hagen, Department of Economics, Universitätsstrasse 11, 58097 Hagen, Germany
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Abstract: For the so-called ‘new approach’ of coalition formation it is important that coalitional equilibria are unique. Uniqueness comes down to existence and to semi-uniqueness, i.e. there exists at most one equilibrium. Although conditions for existence are not problematic, conditions for semi-uniqueness are. We provide semi-uniqueness conditions by deriving a new equilibrium semi-uniqueness result for games in strategic form with higher dimensional action sets. The result applies in particular to Cournot-like games.
Keywords: Coalition formation, Cournot oligopoly, equilibrium (semi-)uniqueness, game in strategic form, public good.
Document Type: Article
Language: English
Citation: Michael Finus, Pierre von Mouche, Bianca Rundshagen, “On uniqueness of coalitional equilibria”, Contributions to Game Theory and Management, 7 (2014), 51–60
Citation in format AMSBIB
\Bibitem{FinVonRun14}
\by Michael~Finus, Pierre~von Mouche, Bianca~Rundshagen
\paper On uniqueness of coalitional equilibria
\jour Contributions to Game Theory and Management
\yr 2014
\vol 7
\pages 51--60
\mathnet{http://mi.mathnet.ru/cgtm219}
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