We introduce the concept of a TUU-game, a transferable utility game with uncertainty. In a TUU-game there is uncertainty regarding the payoffs of coalitions. One out of a finite number of states of nature materializes and conditional on the state, the players are involved in a particular transferable utility game. We consider the case without ex ante commitment possibilities and propose the Weak Sequential Core as a solution concept. We characterize the Weak Sequential Core and show that it is non-empty if all ex post TU-games are convex.
|Number of pages||14|
|Journal||Journal of Economic Theory|
|Publication status||Published - Sept 2011|
- Transferable utility games
- Weak Sequential Core
- COOPERATIVE GAMES
- SEQUENTIAL CORE