Cooperative Equilibrium

We propose a new equilibrium concept, perfect cooperativeequilibrium (PCE), which may help explain players' behaviorin games where cooperation is observed in practice. We alsoconsider a few related equilibrium concepts that take intoaccount the degree of cooperation.

Authors

• Joseph Halpern
• Nan Rong

Keywords

• Cooperative equilibrium
• Nash equilibrium
• game theory
• cooperation
• punishment