Values for strategic games in which players cooperate
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Date
2003-02-27
Authors
Carpente, Luisa
García-Jurado, I. (Ignacio)
Casas-Mendez, Balbina
Nouweland, Anne van den
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon, Dept. of Economics
Abstract
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 value and the lower value of matrix games.
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Keywords
Economics, Games