In a sequential bargaining model of coalition formation and payoff M division players form demands for their participation in a coalition. These M demands have some appealing, intuitive features. We characterize the sets of M semi-stable and stable demands vectors for general NTU games using M...

In an epistemic framework due to Aumann we characterize the condition on the rationality of the players that is both necessary and sufficient to imply backward induction in perfect information games in agent form. This condition requires each player to know that the players are rational at...