EQUIVALENCE OF STRONG AND COALITION-PROOF NASH EQUILIBRIA IN GAMES WITHOUT SPILLOVERS

Citation
H. Konishi et al., EQUIVALENCE OF STRONG AND COALITION-PROOF NASH EQUILIBRIA IN GAMES WITHOUT SPILLOVERS, Economic theory, 9(1), 1997, pp. 97-113
Citations number
22
Categorie Soggetti
Economics
Journal title
ISSN journal
09382259
Volume
9
Issue
1
Year of publication
1997
Pages
97 - 113
Database
ISI
SICI code
0938-2259(1997)9:1<97:EOSACN>2.0.ZU;2-Z
Abstract
This paper examines the conditions which guarantee that the set of coa lition-proof Nash equilibria coincides with the set of strong Nash equ ilibria in the normal form games without spillovers. We find that popu lation monotonicity properties of the payoff functions, when the payof f of a player changes monotonically when the size of the group of play ers choosing the same strategy increases, are crucial to obtain the eq uivalence of these two solution concepts, We identify the classes of g ames, satisfying population monotonicity properties, which yield the e quivalence of the set of coalition-proof Nash equilibria and the set o f strong Nash equilibria. We also provide sufficient conditions for th e equivalence result even when the population monotonicity assumptions are relaxed.