Cooperative Game Models

Hans Peters

Chapter 10 in Game Theory, 2015, pp 171-191 from Springer

Abstract: Abstract The common features of a cooperative game model—such as the model of a game with transferable utility in Chap. 9 —include: the abstraction from a detailed description of the strategic possibilities of a player; instead, a detailed description of what players and coalitions can attain in terms of outcomes or utilities; solution concepts based on strategic considerations and/or considerations of fairness, equity, efficiency, etc.; if possible, an axiomatic characterization of such solution concepts. For instance, one can argue that the core for TU-games is based on strategic considerations whereas the Shapley value is based on a combination of efficiency and symmetry or fairness with respect to contributions. The latter is made precise by an axiomatic characterization as in Problem 9.17.

Keywords: Exchange Economy; Stable Matchings; Bargaining Solution; House Exchange; Strict Preference (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-662-46950-7_10

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