Inefficient Cooperation Under Stochastic and Strategic Uncertainty

Group Cooperation under Uncertainty

Previous research has shown an ‘interindividual-intergroup discontinuity effect’: intergroup interactions generally lead to less cooperative outcomes than interindividual interactions. We replicated the discontinuity effect in the deterministic prisoner’s dilemma, but we found that groups were more cooperative than individuals in a stochastic version of the game. Three major factors, greed, fea...

Cooperation under interval uncertainty

In this paper, the classical theory of two-person cooperative games is extended to two-person cooperative games with interval uncertainty. The core, balancedness, superadditivity and related topics are studied. Solutions called ψ α-values are introduced and characterizations are given. Some economical situations with an interval character are considered.

Strategic Technology Adoption under Technological Uncertainty

Bargaining Under Strategic Uncertainty

This paper provides a novel understanding of delays in reaching agreements based on the idea of strategic uncertainty—i.e., the idea that a Bargainer may face uncertainty about her opponent’s play, even if there is no uncertainty about the structure of the game. It considers a particular form of strategic uncertainty, called on path strategic certainty. On path strategic certainty is the assump...

Strategic Capacity Investment Under Uncertainty

Contrary to most of the papers in the literature of investment under uncertainty we study models that not only capture the timing, but also the size of the investment. We consider a monopoly setting as well as a duopoly setting and compare the results with the standard models in which the firms do not have the capacity choice. Our main results are the following. First, for low uncertainty value...