Transferable utility games with uncertainty
AbstractWe introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular transferable utility game. We consider the case without ex ante commitment possibilities and propose the Weak Sequential Core as a solution concept. We characterize the Weak Sequential Core and show that it is non-empty if all ex post TU-games are convex.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 146 (2011)
Issue (Month): 5 (September)
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Web page: http://www.elsevier.com/locate/inca/622869
Transferable utility games Uncertainty Weak Sequential Core;
Other versions of this item:
- Helga Habis & P. Jean-Jacques Herings, 2011. "Transferable Utility Games with Uncertainty," IEHAS Discussion Papers 1120, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
- Habis Helga & Herings P. Jean-Jacques, 2010. "Transferable Utility Games with Uncertainty," Research Memoranda 038, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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