Co-operative Games Theory

Disciplines: Economics

A branch of game theory dealing with co-operative rather than simply competitive players.

Co-operative games theory is used in the analysis of cartels and other forms of market collusion.

Source:
J von Neumann and O Morgenstern, The Theory of Games and Economic Behavior (Princeton, N.J., 1944)

Also see:

· collusion theory
· oligopoly theory
· Allais paradox

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