Selfish, strategic players may benefit from cooperation, provided they reach agreement. It is therefore important to construct mechanisms that facilitate such cooperation, especially in the case of asymmetric private information. The two major issues are: (1) singling out a fair and efficient...

In this paper we explore the relationship between several value-like solution concepts for cooperative games with incomplete information and utility transfers in the form of sidepayments. In our model, state-contingent contracts are required to be incentive compatible, and thus utility might not...

We present and analyze a theory of cooperative bargaining under asymmetric information, based on the equity principles of the conditional random dictatorship—choosing with equal probability one of the individuals to act as a dictator under the participation constraint of the other players. Our...