Econometrica: Jan 1976, Volume 44, Issue 1

A Social Choice Interpretation of the Von Neumann-Morgenstern Game

https://doi.org/0012-9682(197601)44:1<105:ASCIOT>2.0.CO;2-K
p. 105-114

Stefan D. Bloomfield

A certain set of weak rationality conditions is shown to be necessary and sufficient for a social decision function to be a cooperative game according to the formulation of von Neumann and Morgenstern. In exhibiting this broad connection between game theory and the theory of social choice, attention is focused on the critical role played by the blocking coalitions in such games.

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