Cooperative Games
Susheng Wang ()
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Susheng Wang: Hong Kong University of Science and Technology
Chapter Chapter 9 in Microeconomic Theory, 2018, pp 299-316 from Springer
Abstract:
Abstract For a group of players, it is possible that they cooperate in some way to improve their individual welfare. They may find a need for cooperation on a common objective, but they may bargain over the sharing of benefits, just like the OPEC. They may form coalitions to cooperate within a coalition but compete between coalitions, just like political parties in practice. They may also seek third-party coordination, such as arbitration and government social programs.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-13-0041-7_9
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DOI: 10.1007/978-981-13-0041-7_9
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