Bargaining Set Solution Concepts in Dynamic Cooperative Games

Ziv Hellman (zivyahel@gmail.com)

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is concerned with the question of defining the bargaining set, a cooperative game solution, when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face (finite or infinite) sequences of exogenously specified TU-games and receive sequences of imputations against those static cooperative games in each time period. Two alternative definitions of what a ‘sequence of coalitions’ means in such a context are considered, in respect to which the concept of a dynamic game bargaining set may be defined, and existence and non-existence results are studied. A solution concept we term ‘subgame-stable bargaining set sequences’ is also defined, and sufficient conditions are given for the non-emptiness of subgame-stable solutions in the case of a finite number of time periods.

Keywords: Cooperative game; Repeated game; Bargaining set (search for similar items in EconPapers)
JEL-codes: C71 C73 (search for similar items in EconPapers)
Date: 2008-04-17
New Economics Papers: this item is included in nep-gth, nep-net and nep-soc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:8798

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