In the paper a game-theoretical model is set up to describe the conflict situation in which the members of a marketing cooperative may take advantage of an external market price, higher than that offered by the cooperative. Under appropriate conditions on the penalty strategy of the cooperative,...

A technique is proposed to represent games in characteristic function form as games in normal form, enabling the former to exploit the concepts of solution of the latter. A new solution for games in characteristic function form is then introduced and some properties are found. A generalization...