example of the tragedy of the commons. Property rights theory is obviously
relevant in this area. With multi-player games there is also the opportunity for
some of the players to form coalitions against others, to try and impose
strategies that would otherwise be unsustainable.
c. Zero-sum and non-zero-sum games
With zero-sum games the gain of one player(s) is automatically the loss of
another player(s). This can apply for example in derivatives markets, where