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Efficiency in Uncertain Cooperative Games

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Author Info

  • Bossert, W.
  • Derks, J.
  • Peters, H.

Abstract

A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It is assumed that coalitions evaluate these contracts by considering the minimal possible excesses. A main question of the paper concerns the existence and characterization of efficient contracts.

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Bibliographic Info

Paper provided by Centre interuniversitaire de recherche en économie quantitative, CIREQ in its series Cahiers de recherche with number 2001-14.

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Length: 13 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:mtl:montec:2001-14

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Keywords: GAME THEORY ; ECONOMIC MODELS;

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References

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  1. Hans Peters & Walter Bossert, 2002. "Efficient solutions to bargaining problems with uncertain disagreement points," Social Choice and Welfare, Springer, vol. 19(3), pages 489-502.
  2. Bossert, Walter & Peters, Hans, 2001. "Minimax Regret and Efficient Bargaining under Uncertainty," Games and Economic Behavior, Elsevier, vol. 34(1), pages 1-10, January.
  3. Derks, Jean & Peters, Hans, 1998. "Orderings, excess functions, and the nucleolus," Mathematical Social Sciences, Elsevier, vol. 36(2), pages 175-182, September.
  4. Bossert, Walter & Nosal, Ed & Sadanand, Venkatraman, 1996. "Bargaining under Uncertainty and the Monotone Path Solutions," Games and Economic Behavior, Elsevier, vol. 14(2), pages 173-189, June.
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Cited by:
  1. Jean Derks & Hans Peters & Peter Sudhölter, 2014. "On extensions of the core and the anticore of transferable utility games," International Journal of Game Theory, Springer, vol. 43(1), pages 37-63, February.
  2. Habis Helga & Herings P. Jean-Jacques, 2010. "Transferable Utility Games with Uncertainty," Research Memorandum 038, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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