Joint games and compatibility

Hirbod Assa (), Sheridon Elliston () and Ehud Lehrer ()

Economic Theory, 2016, vol. 61, issue 1, 113 pages

Abstract: We introduce the concepts of joint games and compatibility. In a joint game, members of the grand coalition have the option to split and participate in different underlying games, thereby maximizing their total worths. In order to determine whether the grand coalition will remain intact, we introduce the notion of compatibility of these games. A set of games is compatible if the core of the joint game is non-empty. We find a necessary and sufficient condition for compatibility. Copyright Springer-Verlag Berlin Heidelberg 2016

Keywords: Joint game; Compatibility; Cooperative games; Core; Concave integral; C71 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s00199-015-0880-0

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