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Sustainable cooperation in multicriteria multistage games. (English) Zbl 1476.91023

Summary: We use the imputation distribution procedure approach to ensure sustainable cooperation in a multistage game with vector payoffs. In order to choose a particular Pareto optimal and time consistent strategy profile and the corresponding cooperative trajectory we suggest a refined leximin algorithm. Using this algorithm, we design a characteristic function for a multistage multicriteria game. Furthermore, we provide sufficient conditions for strong time consistency of the core.

MSC:

91A20 Multistage and repeated games
91A12 Cooperative games
91A25 Dynamic games
Full Text: DOI

References:

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