Cooperative Extensions of the Bayesian Game

Description

This book is a report on state of the art researchin strategic cooperative game theory and serves as an informative textbook for PhD courses in advanced economic theory, mathematical economics, game theory, and industrial organization.

It is built upon the concepts and techniques in the classical static cooperative game theory and in the non-cooperative Bayesian game theory. The theory constructs and analyzes in part the powerful nperson game-theoretical model characterised by coordinated strategy-choice with individualistic incentives, the influence of outsiders' strategy choice upon the feasibility and implications of coalitional attainability, and incomplete information.

The book provides appraisals of the various concepts, setups and results established to date as well as many discussions on philosophical issues on different approaches in the area, thereby clarifying the applicability and limitations of the current theory. It also contains numerous examples illustrating various concepts and points of discussions.

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