Definition
While noncooperative game theory applied to the law is now a subfield of law and economics literature, cooperative game theory has a more strange history. Many of the founding fathers of the cooperative game theory (Shapley, Shubik, Owen, Aumann) were interested in legal examples to illustrate their games; however, law and economics literature has not systematically investigated the meaning of cooperative game theory for the law and is still mostly noncooperative oriented. The aim of the entry is to draw a general picture of what cooperative game theory may add to the law and economics literature. We focus on the positive and normative aspects of cooperative game theory, and we provide illustrative examples in different fields (private law, public law, regulation, theory of the law).
Cooperative Game Theory and the Law: A Missed Rendezvous?
In their famous book Game Theory and the Lawpublished in 1994, Baird, Gertner, and Picker said nothing about cooperative games and the...
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsReferences
Aivazian VA, Callen JL (1981) The Coase theorem and the empty core. J Law Econ 24:175–181
Aivazian VA, Callen JL (2003) The core, transaction costs, and the Coase theorem. Constit Polit Econ 14:287–299
Aumann RJ (1985) What is game theory trying to accomplish ? In: Arrow K, Honkapohja S (eds) Frontiers of economics. Basil Blackwell, Oxford, pp 5–46
Aumann RJ, Maschler M (1985) Game theoretic analysis of a bankruptcy problem from the Talmud. J Econ Theory 36:195–213
Baird DG, Gertner RH, Picker RC (1994) Game theory and the law. Harvard University Press, Harvard
Beal S, Deschamps M (2016) On compensation schemes for data sharing within the European REACH legislation. Eur J Law Econ 41:157–181
Bittlingmayer (1982) Decreasing average cost and competition: a new look at the Addyston Pipe case. J Law Econ 25:201–229
Coase RH (1981) The Coase theorem and the empty core: a comment. J Law Econ 24:183–187
Crettez B, Deloche R (2014) Cost sharing in a condo under law’s umbrella. Working paper
Dehez P, Tellone D (2013) Data games: sharing public goods with exclusion. J Public Econ Theory 15:654–673
Ferey S, Dehez P (2016a) Multiple causation, apportionment and the Shapley value. J Leg Stud 45:143–171
Ferey S, Dehez P (2016b) Overdetermined causation, contribution and the Shapley value. Chicago-Kent Law Rev 91:637–658
Gale D, Shapley LS (1962) College admissions and the stability of marriage. Am Math Mon 69:9–15
Gonzalez S, Marciano A (2017) New insights on the Coase theorem and the emptiness of the core. Revue d’Économie Politique 127:579–600
Gonzalez S, Marciano A, Solal P (2016) The Social cost problem, rights and the (non)empty core. Working paper. Available on https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2863952
Lardon A (2017) Coalition games and oligopolies. Revue d’Économie Politique 127:601–636
Littlechild SC, Thomson GF (1977) Aircraft landing fees: A game theory approach. Bell J Econ 8:186–204
Maschler M, Solan E, Zamir S (2013) Game theory. Cambridge University Press, Cambridge
Myerson R (1977) Graphs and cooperation in games. Math Oper Res 2:225–229
Owen G (1977) Values of games with a priori unions. In: Moeschlin O, Hein R (eds) Mathematical economics and game theory: essays in honor of Oskar Morgenstern. Springer, New-York
Roth AE (1984) The evolution of the labor market for medical interns and residents: A case study in game theory. J Political Econ 92:991–1016
Shapley L, Shubik M (1967) Ownership and the production function. Q J Econ 81:88–111
Telser L (1985) Cooperation, competition, and efficiency. J Law Econ 28:271–295
Wiley JS (1987) Antitrust and core theory. J Law Econ 54:556–589
Zhao J (2014) Estimating the merging costs and organizational costs: methodology and the case of 1887–1914 sugar monopoly. Working paper, University of Saskatchewan
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 Springer Science+Business Media, LLC, part of Springer Nature
About this entry
Cite this entry
Ferey, S. (2019). Cooperative Game and the Law. In: Marciano, A., Ramello, G.B. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7753-2_635
Download citation
DOI: https://doi.org/10.1007/978-1-4614-7753-2_635
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-7752-5
Online ISBN: 978-1-4614-7753-2
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences