Original language | English (US) |
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Title of host publication | The New Palgrave Dictionary of Economics |
Editors | Steven N. Durlauf, Lawrence E. Blume |
Place of Publication | Hampshire, UK |
Publisher | Palgrave Macmillan |
Edition | 2nd |
ISBN (Print) | 9780230226388 |
DOIs | |
State | Published - 2008 |
Abstract
How should a coalition of cooperating players allocate payoffs to its members? This question arises in a broad range of situations and evokes an equally broad range of issues. For example, it raises technical issues in accounting, if the players are divisions of a corporation, but involves issues of social justice when the context is how people behave in society.
Despite the breadth of possible applications, coalitional game theory offers a unified framework and solutions for addressing such qsts. This article presents some of its major models and proposed solutions.
Despite the breadth of possible applications, coalitional game theory offers a unified framework and solutions for addressing such qsts. This article presents some of its major models and proposed solutions.