Values for strategic games in which players cooperate


In this paper we propose a new method to associate a coalitional game with each strategic game. The method is based on the lower value of matrix games. We axiomatically characterize this new method, as well as the method that was described in von Neumann and Morgenstern (1944). As an intermediate step, we provide some axiomatic characterizations of the… (More)
DOI: 10.1007/s001820400176