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Aspect	Cooperative Game Theory	Non-Cooperative Game Theory
Nature of Interaction	Cooperative games involve collaboration and communication among players to achieve mutual benefits. Players can form coalitions and make binding agreements.	Non-cooperative games involve independent decision-making by players, often without communication or binding agreements. Each player's action is based on their own self-interest.

Player 1	Player 2
	Strategies	I	II	III	IV	V
	I	9	3	1	8	0
	II	6	5	4	6	7
	III	2	4	3	3	8
	IV	5	6	2	2	1

 

Bilateral monopoly

Finite and infinite sets

There are two firms 1 and 2 in an industry, each producing output Q1 and Q2 respectively and facing the industry demand given by P=50-2Q, where P is the market price and Q represents the total industry output, that is Q= Q1 + Q2. Assume that the cost function is C = 10 + 2q. Solve for the Cournot equilibrium in such an industry.