This paper proposes an equilibrium concept for the classes of
environments in which players can cornmunicate with each other but cannot
rnake binding agreernents. This Cornmunication-proof equilibrium is intended
to be regarded as an extension of both CoaliThis paper proposes an equilibrium concept for the classes of
environments in which players can cornmunicate with each other but cannot
rnake binding agreernents. This Cornmunication-proof equilibrium is intended
to be regarded as an extension of both Coalition and Renegotiation-proof
equilibria. Conceptual foundations for this particular definition are
widely discussed as it is confronted with other definitions in this class of
environments. The definition is extended to infinite horizon garnes using
the von Neumann and Morgenstern's concept of abstract stable sets.[+][-]