Cooperative Games with Stochastic Payoffs : Determanistic Equivalents

This paper focuses on the subclass of cooperative games with stochastic payoffs in which the preferences of the agents are such that a stochastic payoff can be represented by a deterministic equivalent.To each game within this class one can associate a game with deterministic payoffs.It is shown that the core of such a cooperative game with stochastic payoffs is nonempty if and only if the core of the associated game is nonempty.

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Year of publication:	1996
Authors:	Borm, Peter ; Suijs, J.P.M.
Institutions:	Tilburg University, School of Economics and Management
Subject:	Preferences \| Stochastic Processes \| Cooperative Games

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Extent:	application/pdf
Series:	Research Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series FEW Research Memorandum Number 713
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011087107