The Core of a Partition Function Game

KUL Centre for Economic Studies, Working Paper No. 25

9 Pages Posted: 27 Jan 2001

See all articles by Laszlo A. Koczy

Laszlo A. Koczy

Hungarian Academy of Sciences (HAS) - Research Centre for Economic and Regional Studies (HAS); Quantitative Social and Management Sciences Research Group, Budapest University of Technology and Economics

Date Written: November 2000

Abstract

We consider partition function games and introduce new definitions of the core that include the effects of externalities. We assume that all players behave rationally and that all stable outcomes arising are consistent with the appropriate generalised concept of the core. The result is a recursive definition of the core where residual subgames are considered as games with fewer players and with a partition function that captures the externalities of the deviating coalition. Some properties of the new concepts are discussed.

Keywords: partition function form, core

JEL Classification: C71, D62

Suggested Citation

Koczy, Laszlo A., The Core of a Partition Function Game (November 2000). KUL Centre for Economic Studies, Working Paper No. 25. Available at SSRN: https://ssrn.com/abstract=257769 or http://dx.doi.org/10.2139/ssrn.257769

Laszlo A. Koczy (Contact Author)

Hungarian Academy of Sciences (HAS) - Research Centre for Economic and Regional Studies (HAS) ( email )

Budaörsi 45
Budapest, H-1112
Hungary

HOME PAGE: http://www.mtakti.hu/en/kutatok/laszlo-a-koczy/276/

Quantitative Social and Management Sciences Research Group, Budapest University of Technology and Economics ( email )

Magyar Tudósok krt. 2.
Budapest, 1117
Hungary

HOME PAGE: http://qsms.mokk.bme.hu/index.php/koczy/

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