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How Can Cooperative Game Theory Be Made More Relevant to Economics?: An Open Problem

Eric Maskin ()
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Eric Maskin: Harvard University, Littauer Center, Department of Economics

A chapter in Open Problems in Mathematics, 2016, pp 347-350 from Springer

Abstract: Abstract Game Theory pioneers J. von Neumann and O. Morgenstern gave most of their attention to the cooperative side of the subject. But cooperative game theory has had relatively little effect on economics. In this essay, I suggest why that might be and what is needed for cooperative theory to become more relevant to economics.

Keywords: Nash Equilibrium; Cooperative Game; Grand Coalition; Noncooperative Game; Cooperative Game Theory (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-32162-2_9

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DOI: 10.1007/978-3-319-32162-2_9

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