A recursive core for partition function form games |
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| Authors: | László Á Kóczy |
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| Institution: | (1) Department of Economics, Maastricht University, P. O. Box 616, NL-6200MD Maastricht, The Netherlands |
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| Abstract: | We present a well-defined generalisation of the core to coalitional games with externalities, where the value of a deviation
is given by an endogenous response, the solution (if nonempty: the core) of the residual game. |
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| Keywords: | core externalities optimism partition function pessimism |
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