Partial cooperative equilibria: existence and characterization (Q2344945)
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English | Partial cooperative equilibria: existence and characterization |
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Partial cooperative equilibria: existence and characterization (English)
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19 May 2015
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Summary: We study the solution concepts of partial cooperative Cournot-Nash equilibria and partial cooperative Stackelberg equilibria. The partial cooperative Cournot-Nash equilibrium is axiomatically characterized by using notions of rationality, consistency and converse consistency with regard to reduced games. We also establish sufficient conditions for which partial cooperative Cournot-Nash equilibria and partial cooperative Stackelberg equilibria exist in supermodular games. Finally, we provide an application to strategic network formation where such solution concepts may be useful.
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partial cooperative equilibrium
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supermodular games
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network formation
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