Citation:
Mas-Colell, Sergiu Hart, and Andreu. “A Non-Cooperative Interpretation Of Value And Potential”. Discussion Papers 1992. Web.
Abstract:
Given a (TU or NTU) game in characteristic form an auxiliary two-person zero sum game is presented whose maximin = minimax value is precisely the potential of the game. In the auxiliary game one of the players tries to buy off the members of the original game by choosing the order in which to approach them, while the other player sets the price of those members so as to make the expense incurred as high as possible.