On Sugden’s “mutually beneficial practice” and Berge equilibrium
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DOI: 10.1007/s12232-017-0278-3
Abstract: Cooperative behavior is often observed in ordinary market transactions. To account for this observation, Robert Sugden proposes a team reasoning theory in which the common interest of team reasoners is defined by the notion of… read more here.
Keywords: berge equilibrium; mutually beneficial; beneficial practice;