CFDP 2053

Cooperative and Noncooperative Solutions, and the 'Game within a Game'

Author(s): 

Publication Date: October 2016

Pages: 35

Abstract: 

In a previous essay, we developed a simple (in)efficiency measure for matrix games. We now address the difficulties encountered in assessing the usefulness and accuracy of such a measure.

Keywords: 

2 2 matrix games

JEL Classification Codes: C63, C72, D61