Transferable Utility Games with Uncertainty

Habis, Helga and Herings, Jean-Jacques P. (2011) Transferable Utility Games with Uncertainty. Journal of Economic Theory, 146 (5). pp. 2126-2139. DOI 10.1016/j.jet.2011.06.005

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We introduce the concept of a TUU-game, a transferableutilitygame with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular transferableutilitygame. We consider the case without ex ante commitment possibilities and propose the Weak Sequential Core as a solution concept. We characterize the Weak Sequential Core and show that it is non-empty if all ex post TU-games are convex.

Item Type:Article
Uncontrolled Keywords:transferable utility games, uncertainty, Weak Sequential Core JEL Codes: C71, C73
Subjects:Mathematics, Econometrics
Funders:Momemtum Programme (LD-004/2010)
ID Code:636
Deposited By: Ádám Hoffmann
Deposited On:18 May 2012 12:20
Last Modified:18 Jun 2012 14:50

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