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Cooperative games and cooperative organizations

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  • McCain, Roger A.

Abstract

It is well known that game theory has two major branches, cooperative and noncooperative game theory. Noncooperative game theory is the better known and more influential of the two. A difference is that cooperative game theory admits of binding agreements to choose a joint strategy in the mutual interest of those who agree. Cooperative organizations, too, are seen as being in the mutual interest of the members, but there has been little contact between the two bodies of thought. This paper surveys cooperative game theory and explores the extent to which cooperative game theory may help us to understand (and perhaps extend) cooperative organizations. In particular, reciprocity motives are introduced into the cooperative game analysis, and this may provide a link between cooperative game theory and cooperative organizations.

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  • McCain, Roger A., 2008. "Cooperative games and cooperative organizations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2155-2167, December.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:6:p:2155-2167
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    4. Walter Perpétuo Ribas & Bruno Pedroso & Leandro Martinez Vargas & Claudia Tania Picinin & Miguel Archanjo de Freitas Júnior, 2022. "Cooperative Organization and Its Characteristics in Economic and Social Development (1995 to 2020)," Sustainability, MDPI, vol. 14(14), pages 1-22, July.
    5. Altman, Morris, 2014. "Cooperative organizations as an engine of equitable rural economic development," Working Paper Series 3625, Victoria University of Wellington, School of Economics and Finance.
    6. Yu, L. & Huang, W., 2018. "Non-economic societal impact or economic revenue? Performance and efficiency analysis of farmer cooperatives in China," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277512, International Association of Agricultural Economists.
    7. Carmen Marcuello & Pablo Nachar-Calder�n, 2012. "Sociedad cooperativa y socio cooperativo: propuesta de sus funciones objetivo," Documentos de Trabajo dt2012-02, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.
    8. Gezahegn, T.W. & Maertens, M., 2018. "Economic Incentives for Collective Action in Agriculture: Evidence from Agricultural Co-operatives in Tigray, North Ethiopia," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277137, International Association of Agricultural Economists.
    9. Dur, Robert & Roelfsema, Hein, 2010. "Social exchange and common agency in organizations," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(1), pages 55-63, January.
    10. Skovsgaard, Lise & Jensen, Ida Græsted, 2018. "Recent trends in biogas value chains explained using cooperative game theory," Energy Economics, Elsevier, vol. 74(C), pages 503-522.
    11. Altman, Morris, 2014. "Cooperative organizations as an engine of equitable rural economic development," Working Paper Series 18854, Victoria University of Wellington, School of Economics and Finance.

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