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A Comparison of NTU Values in a Cooperative Game with Incomplete Information

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  • Andrés Salamanca

    (University of Southern Denmark, Denmark)

Abstract

Several "value-like" solution concepts are computed and compared in a cooperative game with incomplete information and non-transferable utility. We will show that the difference between these values is caused by how payoff strategic possibilities of coalitions of the game are handled.

Suggested Citation

  • Andrés Salamanca, 2019. "A Comparison of NTU Values in a Cooperative Game with Incomplete Information," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 4(1), pages 109-117, November.
  • Handle: RePEc:jmi:articl:jmi-v4i1a4
    DOI: 10.22574/jmid.2019.11.004
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    References listed on IDEAS

    as
    1. de Clippel, Geoffroy, 2005. "Values for cooperative games with incomplete information: An eloquent example," Games and Economic Behavior, Elsevier, vol. 53(1), pages 73-82, October.
    2. R.J. Aumann & S. Hart (ed.), 2002. "Handbook of Game Theory with Economic Applications," Handbook of Game Theory with Economic Applications, Elsevier, edition 1, volume 3, number 3.
    3. Roth, Alvin E, 1980. "Values for Games without Sidepayments: Some Difficulties with Current Concepts," Econometrica, Econometric Society, vol. 48(2), pages 457-465, March.
    4. Andrés Salamanca, 2020. "A generalization of the Harsanyi NTU value to games with incomplete information," International Journal of Game Theory, Springer;Game Theory Society, vol. 49(1), pages 195-225, March.
    5. Myerson, Roger B., 2007. "Virtual utility and the core for games with incomplete information," Journal of Economic Theory, Elsevier, vol. 136(1), pages 260-285, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cooperative games; incomplete information; non-transferable utility.;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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