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Transferable Utility Games with Uncertainty

  • Helga Habis


    (Institute of Economics - Hungarian Academy of Sciences)

  • P. Jean-Jacques Herings


    (Department of Economics, Universiteit Maastricht)

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 TUgames are convex.

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Paper provided by Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences in its series IEHAS Discussion Papers with number 1120.

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Length: 25 pages
Date of creation: May 2011
Date of revision:
Handle: RePEc:has:discpr:1120
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  1. Helga Habis & P. Jean-Jacques Herings, 2010. "A Note On The Weak Sequential Core Of Dynamic Tu Games," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 12(04), pages 407-416.
  2. Bossert,Walter & Derks,Jean & Peters,Hans, 2001. "Efficiency in Uncertain Cooperative Games," Research Memorandum 002, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  3. Daniel Granot, 1977. "Cooperative Games in Stochastic Characteristic Function Form," Management Science, INFORMS, vol. 23(6), pages 621-630, February.
  4. P.J.J. Herings & H. Peeters, 2001. "The Strong Sequential Core for Two-period Economies," Microeconomics 0111002, EconWPA.
  5. Kranich,Laurence & Peree,Andrea & Peters,Hans, 2001. "Core Concepts for Dynamic TU Games," Research Memorandum 013, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
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  9. Predtetchinski A. & Herings P.J.J. & Perea A., 2002. "The Weak Sequential Core for Two-period Economies," Game Theory and Information 0203008, EconWPA.
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  11. Rajiv Vohra, 1997. "Incomplete Information, Incentive Compatibility and the Core," Working Papers 97-11, Brown University, Department of Economics.
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