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In this paper we will describe a class of three-person games and draw general conclusions about non-cooperative behavior in them.
Persistent link: https://www.econbiz.de/10005545586
A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It is assumed that coalitions evaluate these contracts by considering the minimal possible excesses. A main question of the paper concerns the existence and characterization of...
Persistent link: https://www.econbiz.de/10005729546