IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-05c70014.html
   My bibliography  Save this article

Games with vector-valued payoffs and their application to competition between organizations

Author

Listed:
  • John Roemer

    (Yale Univ)

Abstract

In 1959, Lloyd Shapley wrote a short paper on games with vector payoffs. He analyzed zero-sum matrix games. Here, we extend Shapley's equilibrium concept to general games with vector payoffs, introduce an organizational interpretation of the concept, elaborate the relationship of the original concept to another equilibrium concept where each player can be viewed as running a bargaining game among internal ‘factions,'' and finally comment upon its relationship to the concept of party unanimity Nash equilibrium (PUNE).

Suggested Citation

  • John Roemer, 2005. "Games with vector-valued payoffs and their application to competition between organizations," Economics Bulletin, AccessEcon, vol. 3(16), pages 1-13.
    • Handle: RePEc:ebl:ecbull:eb-05c70014
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2005/Volume3/EB-05C70014A.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. G. De Marco & J. Morgan, 2010. "Kalai-Smorodinsky Bargaining Solution Equilibria," Journal of Optimization Theory and Applications, Springer, vol. 145(3), pages 429-449, June.

    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-05c70014. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.