A cooperative game is played when

0 votes
    players informally agree on strategy as binding contracts are not possible.
     players can negotiate binding contracts that allow them to plan joint strategies.
     players illegally agree on strategy as binding contracts violate antitrust law.
     players informally agree on a strategy that will maximize profits for all players involved.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

0 votes
players can negotiate binding contracts that allow them to plan joint strategies.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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