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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 Journal of Behavioral and Experimental Economics (formerly 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, 2007. "Social Exchange and Common Agency in Organizations," CESifo Working Paper Series 2030, CESifo Group Munich.
    2. Carmen Marcuello & Pablo Nachar-Calderón, 2012. "Sociedad cooperativa y socio cooperativo: propuesta de sus funciones objetivo," Documentos de Trabajo dt2012-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

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