Résultats de recherche
Creator: Allen, Beth Series: Staff report (Federal Reserve Bank of Minneapolis. Research Department) Number: 225 Abstract:
This paper surveys cooperative game theory when players have incomplete or asymmetric information, especially when the TU and NTU games are derived from economic models. First some results relating balanced games and markets are summarized, including theorems guaranteeing that the core is nonempty. Then the basic pure exchange economy is extended to include asymmetric information. The possibilities for such models to generate cooperative games are examined. Here the core is emphasized as a solution, and criteria are given for its nonemptiness. Finally, an alternative approach is explored based on Harsanyi’s formulation of games with incomplete information.
Mot-clé: Market Games, Asymmetric Information, Incomplete Information, Core, TU Games, and NT Games Assujettir: D82 - Asymmetric and Private Information; Mechanism Design, C71 - Cooperative Games, and D51 - Exchange and Production Economies