The Core of Games with Stackelberg Leaders

Currarini, Sergio and Marini, Marco (1998): The Core of Games with Stackelberg Leaders. Published in: Iowa State Economic Report No. 44/98

Abstract

This paper considers cooperative game theoretic settings in which forming coalitions can act as Stackelberg leaders. We de�fine a value function which modi�fies the gamma-value function (Hart & Kurz, 1983, Chander & Tulkens, 1997) by letting members of deviating coalitions move �first in choosing a coordinated strategy. We accordingly defi�ne what we call the phi-core, and characterize the phi-core allocations of a cartel formation game and of a public goods economy.

• Item Type: MPRA Paper
• Language: English
• Keywords: Core, Cooperative Games, Oligopoly, Public Goods
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C71 - Cooperative Games; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C70 - General; C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory

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