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Cooperative games and cooperative organizations

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  • McCain, Roger A.

Abstract

It is well known that game theory has two major branches, cooperative and noncooperative game theory. Noncooperative game theory is the better known and more influential of the two. A difference is that cooperative game theory admits of binding agreements to choose a joint strategy in the mutual interest of those who agree. Cooperative organizations, too, are seen as being in the mutual interest of the members, but there has been little contact between the two bodies of thought. This paper surveys cooperative game theory and explores the extent to which cooperative game theory may help us to understand (and perhaps extend) cooperative organizations. In particular, reciprocity motives are introduced into the cooperative game analysis, and this may provide a link between cooperative game theory and cooperative organizations.

Suggested Citation

  • McCain, Roger A., 2008. "Cooperative games and cooperative organizations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2155-2167, December.
  • Handle: RePEc:eee:soceco:v:37:y:2008:i:6:p:2155-2167
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    References listed on IDEAS

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    Cited by:

    1. Dur, Robert & Roelfsema, Hein, 2010. "Social exchange and common agency in organizations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 55-63, January.
    2. repec:kap:theord:v:84:y:2018:i:4:d:10.1007_s11238-017-9619-7 is not listed on IDEAS
    3. Harold Paredes-Frigolett & Pablo Nachar-Calderón & Carmen Marcuello, 2017. "Modeling the governance of cooperative firms," Computational and Mathematical Organization Theory, Springer, vol. 23(1), pages 122-166, March.
    4. Elena M. Parilina & Alessandro Tampieri, 2018. "Stability and cooperative solution in stochastic games," Theory and Decision, Springer, vol. 84(4), pages 601-625, June.
    5. Altman, Morris, 2014. "Cooperative organizations as an engine of equitable rural economic development," Working Paper Series 3625, Victoria University of Wellington, School of Economics and Finance.
    6. Carmen Marcuello & Pablo Nachar-Calderón, 2012. "Sociedad cooperativa y socio cooperativo: propuesta de sus funciones objetivo," Documentos de Trabajo dt2012-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

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