Cooperative game theory

In game theory, a cooperative or coalitional game is a game with groups of players who form binding "coalitions" with external enforcement of cooperative behavior (e.g. through contract law). This is different from non-cooperative games in which there is either no possibility to forge alliances or all agreements need to be self-enforcing (e.g. through credible threats).[1]

Cooperative games are analysed by focusing on coalitions that can be formed, and the joint actions that groups can take and the resulting collective payoffs.[2][3]

  1. ^ Shor, Mike. "Non-Cooperative Game - Game Theory .net". www.gametheory.net. Retrieved 2016-09-15.
  2. ^ Chandrasekaran, R. "Cooperative Game Theory" (PDF).
  3. ^ Brandenburger, Adam. "Cooperative Game Theory: Characteristic Functions, Allocations, Marginal Contribution" (PDF). Archived from the original (PDF) on 2016-05-27.
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