English, Article edition: CORE CONCEPTS FOR DYNAMIC TU GAMES LAURENCE KRANICH; ANDRÃS PEREA; HANS PETERS

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Physical Description
  • article
Language
  • English

Edition details

Title
  • CORE CONCEPTS FOR DYNAMIC TU GAMES
Author
  • LAURENCE KRANICH
  • ANDRÃS PEREA
  • HANS PETERS
Physical Description
  • article
Notes
  • This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face a finite sequence of exogenously specified TU-games. Three different core concepts are presented: the classical core, the strong sequential core and the weak sequential core. The differences between the concepts arise from different interpretations of profitable deviations by coalitions. Sufficient conditions are given for nonemptiness of the classical core in general and of the weak sequential core for the case of two players. Simplifying characterizations of the weak and strong sequential core are provided. Examples highlight the essential difference between these core concepts.
  • Cooperative games, dynamic games, core, differences, JEL classification: C71, JEL classification: C73
  • RePEc:wsi:igtrxx:v:07:y:2005:i:01:p:43-61
Language
  • English
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