A Non-Cooperative Interpretation of Value and Potential

Sergiu Hart; Andreu Mas-Colell

doi:10.1007/978-3-662-09664-2_7

A Non-Cooperative Interpretation of Value and Potential

Sergiu Hart
, Andreu Mas-Colell

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

One of the most successful cooperative solution concepts in game theory is that of value. Originally defined for n-person games with transferable utility (``TU'') by Shapley [1953b], it has been extended to general games with nontransferable utility (``NTU'') by Harsanyi [1959, 1963] and Shapley [1969] and applied to numerous models. These applications, in turn, have always yielded important insights (to mention just one: the ``value equivalence principle'' in purely competitive economies).

Original language	English
Title of host publication	Rational Interaction: Essays in Honor of John C. Harsanyi
Editors	Reinhard Selten
Place of Publication	Berlin, Heidelberg
Publisher	Springer Berlin Heidelberg
Pages	83-93
Number of pages	11
ISBN (Print)	978-3-662-09664-2
DOIs	https://doi.org/10.1007/978-3-662-09664-2_7
State	Published - 1992

Access to Document

10.1007/978-3-662-09664-2_7

https://doi.org/10.1007/978-3-662-09664-2_7

Cite this

@inbook{eee6a86fe33949f48b70ed97f6311cb8,

title = "A Non-Cooperative Interpretation of Value and Potential",

abstract = "One of the most successful cooperative solution concepts in game theory is that of value. Originally defined for n-person games with transferable utility (``TU'') by Shapley [1953b], it has been extended to general games with nontransferable utility (``NTU'') by Harsanyi [1959, 1963] and Shapley [1969] and applied to numerous models. These applications, in turn, have always yielded important insights (to mention just one: the ``value equivalence principle'' in purely competitive economies).",

author = "Sergiu Hart and Andreu Mas-Colell",

year = "1992",

doi = "10.1007/978-3-662-09664-2\_7",

language = "אנגלית",

isbn = "978-3-662-09664-2",

pages = "83--93",

editor = "Reinhard Selten",

booktitle = "Rational Interaction: Essays in Honor of John C. Harsanyi",

publisher = "Springer Berlin Heidelberg",

}

TY - CHAP

T1 - A Non-Cooperative Interpretation of Value and Potential

AU - Hart, Sergiu

AU - Mas-Colell, Andreu

PY - 1992

Y1 - 1992

N2 - One of the most successful cooperative solution concepts in game theory is that of value. Originally defined for n-person games with transferable utility (``TU'') by Shapley [1953b], it has been extended to general games with nontransferable utility (``NTU'') by Harsanyi [1959, 1963] and Shapley [1969] and applied to numerous models. These applications, in turn, have always yielded important insights (to mention just one: the ``value equivalence principle'' in purely competitive economies).

AB - One of the most successful cooperative solution concepts in game theory is that of value. Originally defined for n-person games with transferable utility (``TU'') by Shapley [1953b], it has been extended to general games with nontransferable utility (``NTU'') by Harsanyi [1959, 1963] and Shapley [1969] and applied to numerous models. These applications, in turn, have always yielded important insights (to mention just one: the ``value equivalence principle'' in purely competitive economies).

U2 - 10.1007/978-3-662-09664-2_7

DO - 10.1007/978-3-662-09664-2_7

M3 - ???researchoutput.researchoutputtypes.contributiontobookanthology.chapter???

SN - 978-3-662-09664-2

SP - 83

EP - 93

BT - Rational Interaction: Essays in Honor of John C. Harsanyi

A2 - Selten, Reinhard

PB - Springer Berlin Heidelberg

CY - Berlin, Heidelberg

ER -

A Non-Cooperative Interpretation of Value and Potential

Abstract

Access to Document

Fingerprint

Cite this