Author Abstract
Building on the work of Nash, Harsanyi, and Shapley, we define a cooperative solution for strategic games that takes account of both the competitive and the cooperative aspects of such games. We prove existence in the general non-transferable utility (NTU) case and uniqueness in the transferable utility (TU) case. Our main result is an extension of the definition and the existence and uniqueness theorems to stochastic games-discounted or undiscounted.
Paper Information
- Full Working Paper Text
- Working Paper Publication Date: March 2015
- HBS Working Paper Number: 15-071
- Faculty Unit(s): Strategy