All-Stage strong correlated equilbrium

Heller, Yuval (2008): All-Stage strong correlated equilbrium. Unpublished.

Abstract

A strong correlated equilibrium is a strategy profile that is immune to joint deviations. Different notions of strong correlated equilibria were defined in the literature. One major difference among those definitions is the stage in which coalitions can plan a joint deviation: before (ex-ante) or after (ex-post) the deviating players receive their part of the correlated profile. In this paper we prove that if deviating coalitions are allowed to use new correlating devices, then an ex-ante strong correlated equilibrium is immune to deviations at all stages. Thus the set of ex-ante strong correlated equilibria of Moreno & Wooders (1996) is included in all other sets of strong correlated equilibria.

• Item Type: MPRA Paper
• Language: English
• Keywords: coalition-proofness, strong correlated equilibrium, common knowledge, incomplete information, noncooperative games
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games

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