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Negotiation-proof correlated equilibrium

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  • Nicholas Ziros

Abstract

This article characterizes the set of correlated equilibria that result from open negotiations, which players make prior to playing a strategic game. A negotiation-proof correlated equilibrium is defined as a correlated strategy in which the negotiation process among all of the players prevents the formation of any improving coalitional deviation. Additionally, this notion of equilibrium is adapted to general games with incomplete information.

Suggested Citation

  • Nicholas Ziros, 2011. "Negotiation-proof correlated equilibrium," University of Cyprus Working Papers in Economics 14-2011, University of Cyprus Department of Economics.
    • Handle: RePEc:ucy:cypeua:14-2011
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    File URL: https://papers.econ.ucy.ac.cy/RePEc/papers/14-2011.pdf
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    Keywords

    Correlated equilibrium; coalitions; negotiation; incomplete information;
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