In this paper, we introduce a general framework for situations with decision making under uncertainty and cooperation possibilities. This framework is based upon a two stage stochastic programming approach. We show that under relatively mild assumptions the cooperative games associated with these situations are totally balanced and, hence, have non-empty cores. Finally, we consider several example situations, which can be studied using this general framework.
|Place of Publication||Tilburg|
|Number of pages||12|
|Publication status||Published - 2007|
|Name||CentER Discussion Paper|
- Two-stage stochastic programming
- cooperative game theory