ABSTRACT

There are two general types of games in game theory: cooperative and noncooperative. Whereas in cooperative games the players are able to make contractual agreements that are binding, in a non-cooperative game the players make their choices independently and cannot make binding agreements. The negotiation process in the EU can be looked upon as a cooperative game. Actors coordinate their strategies through binding agreements before and during the negotiations, and act jointly to maximize their preferences. Communication between the actors is allowed during this process. The core of the game is the decision to cooperate because the relative benefits of cooperation are assumed to be higher than the costs of non-cooperation.