Tampieri, Alessandro; Parilina, Elena M. - Centre de Recherche en Économie Appliquée (CREA), … - 2014
Cooperative game theory is effective in explaining many economic interactions, such as risk-sharing agreements or the enforcing role of social norms. In a stochastic environ- ment, the analysis of these issues is generalised by taking into account the presence of shocks. The paper finds the...