Bargaining and Cooperative Games
Lecture no. 22 from the course: Games People Play: Game Theory in Life, Business, and Beyond
Taught by Professor Scott P. Stevens | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Cooperative games are ones in which players may join in binding agreements. But how do you identify a division of the payoffs that is reasonable and fair? And what mechanisms persuade members of a coalition to accept their allotment?