#2756. Cooperative strategic games

November 2026publication date
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5 total number of authors per manuscript3530 $

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Journal’s subject area:
Economics, Econometrics and Finance (all);
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Abstract:
This article makes three contributions: we provide an axiomatic justification for value; show a simple formula for its calculation; and extend the meaning - its definition, axiomatic characterization and calculation formula - to Bayesian games. We then apply value in simple models of corruption, oligopolistic competition, and information sharing.
Keywords:
bribery; cooperative games; Nash variables threats; Shapley value; Strategic games

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