This paper is concerned with the question of defining the bargaining set, a cooperative game solution, when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face (finite or infinite) sequences of exogenously specified TU-games and receive sequences of imputations against those static cooperative games in each time period. Two alternative definitions of what a ‘sequence of coalitions’ means in such a context are considered, in respect to which the concept of a dynamic game bargaining set may be defined, and existence and non-existence results are studied. A solution concept we term ‘subgame-stable bargaining set sequences’ is also defined, and sufficient conditions are given for the non-emptiness of subgame-stable solutions in the case of a finite number of time periods.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8798.
Find related papers by JEL classification: 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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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Laurence Kranich & Andres Perea & Hans Peters, 2000.
"Dynamic Cooperative Games,"
Discussion Papers
00-06, University at Albany, SUNY, Department of Economics.
Other versions:
Kranich,Laurence & Peree,Andrea & Peters,Hans, 2001.
"Core Concepts for Dynamic TU Games,"
Research Memoranda
013, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization.
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