Linear Inequality Methods to Enforce Partnerships under Uncertainty: An Overview
Article
Games and Economic Behavior
Issue number:
2
Publisher:
Elsevier
Year:
1998
Journal pages:
311–336
We review different (generic) conditions on stochastic outcome functions to enforce either efficient or nearly efficient partnerships. Their logical relationship is explored. Two kinds of conditions are considered. However, the property for an action profile to be “compatible” plays a crucial role in both kinds. Also, two kinds of enforcement mechanisms are considered: enforcement through utility transfers and enforcement through repetition.