The NTU-value of stochastic games
By: Elon Kohlberg, Abraham Neyman
Contributors: Neyman, Abraham, author; Harvard Business School
Series: Working paper / Harvard Business School -- 15-014; Working paper (Harvard Business School) -- 15-014.
Publisher: Harvard Business School
Published: 2014
Place of publication: Boston]
Language: eng
Number of pages: 22
Description: Since the seminal paper of Shapley, the theory of stochastic games has been developed in many different directions. However, there has been practically no work on the interplay between stochastic games and cooperative game theory. Our purpose here is to make a first step in this direction. We show that the Harsanyi-Shapley-Nash cooperative solution to one-shot strategic games can be extended to stochastic games. While this extension applies to general n-person stochastic games, it does not rely on Nash equilibrium analysis in such games. Rather, it only makes use of minmax analysis in two-person (zero-sum) stochastic games. This will become clear in the sequel.
Notes: "September 2014" -- Publisher's website.

Includes bibliographical references (pages 21-22).