Article ID Journal Published Year Pages File Type
5072774 Games and Economic Behavior 2007 17 Pages PDF
Abstract
Infinite time horizon stationary cooperative games are considered where at each date the instantaneous NTU-game is determined by the state of nature. The strong sequential core selects those utility streams that no coalition can improve upon by deviating at any moment in time. The main result of the paper states that the strong sequential core is non-empty provided that (i) the instantaneous NTU-games in all states are additively b-balanced, (ii) at least one of these games is strongly additively b-balanced, and (iii) the discount factor is close enough to one.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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