Global games

I. Gilboa*, E. Lehrer

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

18 Scopus citations

Abstract

Global games are real-valued functions defined on partitions (rather than subsets) of the set of players. They capture "public good" aspects of cooperation, i.e., situations where the payoff is naturally defined for all players ("the globe") together, as is the case with issues of environmental clean-up, medical research, and so forth. We analyze the more general concept of lattice functions and apply it to partition functions, set functions and the interrelation between the two. We then use this analysis to define and characterize the Shapley value and the core of global games.

Original languageEnglish
Pages (from-to)129-147
Number of pages19
JournalInternational Journal of Game Theory
Volume20
Issue number2
DOIs
StatePublished - Jun 1991
Externally publishedYes

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