Chapter

Cooperative Outcomes

James Bergin

in Microeconomic Theory

Published in print May 2005 | ISBN: 9780199280292
Published online July 2005 | e-ISBN: 9780191602498 | DOI: http://dx.doi.org/10.1093/0199280290.003.0018
 Cooperative Outcomes

Show Summary Details

Preview

Cooperative games are considered. The Core is introduced and the key idea behind non-emptiness (balancedness) is explained through the dual programme. Following this, vonNeumann–Morgenstern solutions are discussed, and vonNeumann–Morgenstern stability is defined. Concludes with a description of the Shapley value.

Keywords: Core; Shapley value; vonNeumann–Morgenstern solution

Chapter.  6851 words.  Illustrated.

Subjects: Microeconomics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.