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Transferable utility games with uncertainty

  • Habis, Helga
  • Herings, P. Jean-Jacques

We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular transferable utility game. We consider the case without ex ante commitment possibilities and propose the Weak Sequential Core as a solution concept. We characterize the Weak Sequential Core and show that it is non-empty if all ex post TU-games are convex.

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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 146 (2011)
Issue (Month): 5 (September)
Pages: 2126-2139

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Handle: RePEc:eee:jetheo:v:146:y:2011:i:5:p:2126-2139
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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