Incomplete Information Reshapes Cooperative Bargaining, Unlocking New Economic Possibilities
The article explores how cooperative game theory works when players don't have all the information, especially in economic models. It looks at balanced games and markets, showing that the core of the game will always have something in it. They also study how adding different levels of information can change the game, focusing on the core as a solution. The researchers found that Harsanyi's approach to games with incomplete information offers another way to understand these complex interactions.