Expectation formation rules and the core of partition function games

B-Tier
Journal: Games and Economic Behavior
Year: 2014
Volume: 88
Issue: C
Pages: 339-353

Authors (2)

Bloch, Francis (Paris School of Economics) van den Nouweland, Anne (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper proposes axiomatic foundations of expectation formation rules, by which deviating players anticipate the reaction of external players in a partition function game. The projection rule is the only rule satisfying subset consistency and responsiveness to the original partition of non-deviating players. It is also the only rule satisfying subset consistency, independence of the original partition of deviating players, and coherence of expectations. Exogenous rules are the only rules satisfying subset consistency and independence of the original partition, and the pessimistic rule is the only rule generating superadditive coalitional games.

Technical Details

RePEc Handle
repec:eee:gamebe:v:88:y:2014:i:c:p:339-353
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24