Bargaining Set Solution Concepts in Dynamic Cooperative Games
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 8798.
Date of creation: 17 Apr 2008
Date of revision:
Cooperative game; Repeated game; Bargaining set;
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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-24 (All new papers)
- NEP-GTH-2008-05-24 (Game Theory)
- NEP-NET-2008-05-24 (Network Economics)
- NEP-SOC-2008-05-24 (Social Norms & Social Capital)
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