A Noncooperative Reformulation of the Core ( Preliminary and Not for Circulation )

@inproceedings{Zheng2009ANR,
  title={A Noncooperative Reformulation of the Core ( Preliminary and Not for Circulation )},
  author={Charles Zhoucheng Zheng},
  year={2009}
}
It is proved that the core in a general setting for cooperative games is equal to the set of subgame perfect equilibria of a noncooperative game of competing contracts. A coalitional deviation in a cooperative game corresponds to, in the noncooperative game, the involved agents’ participation in a contract proposed by a deviating principal. ∗Department of… CONTINUE READING