A General Framework for Cooperation under Uncertainty

U. Ozen, M. Slikker, H.W. Norde

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Abstract

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.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages12
Volume2007-57
Publication statusPublished - 2007

Publication series

NameCentER Discussion Paper
Volume2007-57

Keywords

  • Two-stage stochastic programming
  • cooperative game theory
  • core

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