English, Article, Journal or magazine article edition: Strongly Coalition-Proof Equilibria in Games with Strategic Complementarities Paul Milgrom; John Roberts

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Bookmark: http://trove.nla.gov.au/version/142992
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Strongly Coalition-Proof Equilibria in Games with Strategic Complementarities
Author
  • Paul Milgrom
  • John Roberts
Physical Description
  • preprint
Notes
  • We identify two sufficient conditions for games with strategic complementarities to have a unique equilibrium that is "strongly coalition-proof," that is, immune to incentive-compatible deviations by coalitions. If a Nash equilibrium is unique, then it is strongly coalition-proof. Also, if each player's payoff is increasing (respectively, decreasing) in the other players' strategies, then the maximum (respectively, minimal) equilibrium is the unique strongly coalition-proof equilibrium. We offer several applications of these results, including one to the contracting model of Hart and Moore.
  • RePEc:wop:stanec:95002
Language
  • English
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