Fukuda, E. Tijs, S.H. Branzei, R. Muto, S. (Tilburg University, Center for Economic Research)
Abstract
In this paper reasonable payoff intervals for players in a game in partition function form (p.f.f.game) are introduced and used to define the notion of compromisable p.f.f. game. For a compromisable p.f.f. game a compromise value is defined for which an axiomatic characterization is provided. Also a generic subclass of games in extensive form of perfect information without chance moves is introduced. For this class of perfect extensive form games there is a natural credible way to define a p.f.f. game if the players consider cooperation. It turns out that the p.f.f. games obtained in this way are compromisable.
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Publisher Info
Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number
117.
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