Correlated equilibria, incomplete information and coalitional deviations

@article{Bloch2009CorrelatedEI,
  title={Correlated equilibria, incomplete information and coalitional deviations},
  author={Francis Bloch and Bhaskar Dutta},
  journal={Games and Economic Behavior},
  year={2009},
  volume={66},
  pages={721-728}
}
This paper proposes new concepts of strong and coalition-proof correlated equilibria where agents form coalitions at the interim stage and share information about their recommendations in a credible way. When players deviate at the interim stage, coalition-proof correlated equilibria may fail to exist for two-player games. However, coalitionproof correlated equilibria always exist in dominance-solvable games and in games with positive externalities and binary actions. JEL Classi…cation Numbers… CONTINUE READING