Date of this Version
ASTIN Bulletin: The Journal of the IAA
This survey paper presents the basic concepts of cooperative game theory, at an elementary level. Five examples, including three insurance applications, are progressively developed throughout the paper. The characteristic function, the core, the stable sets, the Shapley value, the Nash and Kalai-Smorodinsky solutions are defined and computed for the different examples.
This article has been published in a revised form in ASTIN Bulletin: The Journal of the IAA http://dx.doi.org/10.2143/AST.21.1.2005399. This version is free to view and download for private research and study only. Not for re-distribution, re-sale or use in derivative works. © Cambridge University Press.
Lemaire, J. (1991). Cooperative Game Theory and its Insurance Applications. ASTIN Bulletin: The Journal of the IAA, 21 (1), 17-40. http://dx.doi.org/10.2143/AST.21.1.2005399
Date Posted: 27 November 2017
This document has been peer reviewed.