Cooperative Game Theory

  title={Cooperative Game Theory},
  author={Edith Elkind and J{\"o}rg Rothe},
  booktitle={Economics and Computation},
Though standard, the terms non-cooperative and cooperative game theory are perhaps unfortunate. They might suggest that there is no place for cooperation in the former and no place for conflict, competition etc. in the latter. In fact, neither is the case. One part of the non-cooperative theory (the theory of repeated games) studies the possibility of cooperation in ongoing relationships. And the cooperative theory embodies not just cooperation among players, but also competition in a… CONTINUE READING