Stackelberg Assumption vs. Nash Assumption in Partially Cooperative Games Cover Image

Stackelberg Assumption vs. Nash Assumption in Partially Cooperative Games
Stackelberg Assumption vs. Nash Assumption in Partially Cooperative Games

Author(s): Stef Tijs, Lina Mallozzi
Subject(s): Economy
Published by: Univerzita Karlova v Praze - Institut ekonomických studií
Keywords: Partial cooperation; Stackelberg assumption; Nash-Cournot assumption; Stackelberg leader’s value

Summary/Abstract: We deal with n-person normal form games where a subset of players decide to cooperate (signatories) and choose strategies by maximizing the aggregate welfare of the coalition members as in International Environmental Agreements (IEA) context. The non-cooperating (non-signatories) players choose their strategies as a Nash equilibrium. In this paper the partial cooperative equilibrium (PCE) under the Nash-Cournot and the Stackelberg assumptions are considered and presented also in the case of non-signatories multiple decision. Some properties are discussed in both situations, particularly the profit of the players are compared.

  • Issue Year: 6/2012
  • Issue No: 01
  • Page Range: 5-13
  • Page Count: 9
  • Language: English
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