Currarini, Sergio; Marini, Marco - 2012
This paper proposes a formulation of coalitional payoff possibilities in games with externalities, based on the … outside players play their best response noncooperatively, the core is always nonempty when the game has strategic … complementarities. We apply this result to cartel formation in Bertrand oligopoly and in Shapley-Shubik (1977) strategic market games …