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Cooperative games and cooperative organizations

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  • McCain, Roger A.
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    Abstract

    It is well known that game theory has two major branches, cooperative and noncooperative game theory. Noncooperative game theory is the better known and more influential of the two. A difference is that cooperative game theory admits of binding agreements to choose a joint strategy in the mutual interest of those who agree. Cooperative organizations, too, are seen as being in the mutual interest of the members, but there has been little contact between the two bodies of thought. This paper surveys cooperative game theory and explores the extent to which cooperative game theory may help us to understand (and perhaps extend) cooperative organizations. In particular, reciprocity motives are introduced into the cooperative game analysis, and this may provide a link between cooperative game theory and cooperative organizations.

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    Bibliographic Info

    Article provided by Elsevier in its journal The Journal of Socio-Economics.

    Volume (Year): 37 (2008)
    Issue (Month): 6 (December)
    Pages: 2155-2167

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    Handle: RePEc:eee:soceco:v:37:y:2008:i:6:p:2155-2167

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    Web page: http://www.elsevier.com/locate/inca/620175

    Related research

    Keywords: Game theory Cooperative games Cooperatives;

    References

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    Cited by:
    1. Robert Dur & Hein Roelfsema, 2006. "Social Exchange and Common Agency in Organizations," Working Papers 06-11, Utrecht School of Economics.

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