This paper aims at providing, through a game theory model of coopetition, feasible solutions in a cooperative …

The paper investigates two different approaches to the analysis of institutions using game theory and discusses their … methodological and theoretical implications for further research. Starting from von Neumann and Morgenstern’s theory, we investigate … how game theory has been applied to the analysis of institutions, these being considered, as in Hayek (1967, 1988a) as the …