Partial Cooperative Equilibria: Existence and Characterization

Partial Cooperative Equilibria: Existence and Characterization

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We study the solution concepts of partial cooperative Cournot-Nash equilibria and partial cooperative Stackelberg equilibria.The partial cooperative Cournot-Nash equilibrium is axiomatically characterized by using notions of rationality, consistency here and converse consistency with regard to reduced games.We also establish sufficient conditions for which partial cooperative campicon.com Cournot-Nash equilibria and partial cooperative Stackelberg equilibria exist in supermodular games.

Finally, we provide an application to strategic network formation where such solution concepts may be useful.