The emerging technology, transactive energy network, can allow multiple interconnected micro-grids (a.k.a. micro-grid clusters) to exchange energy for greater energy efficiency. Existing research has demonstrated that the micro-grid clusters can achieve some collective interests (e.g., minimizing total energy cost). However, some micro-grids may have to make sacrifices of their individual interests (e.g., increasing cost) for collective interests of the clusters. To bridge these research gaps, we propose four different transactive energy management models for micro-grid clusters where each micro-grid is allowed to have energy transactions with others. The first model focuses on maximizing collective interests, both the collective and individual interests are considered in the second model, and the last two models aim to maximize both the collective and individual interests. The performances of the proposed models are evaluated using a cluster of sixteen micro-grids with different energy profiles. It is demonstrated that 1) all of the four models can maximize the collective interests, 2) the third model can maximize the relative individual interests where each micro-grid can achieve the same percentage of cost savings as the clusters, and 3) the fourth model can maximize the absolute individual interests where each micro-grid can achieve the same amount of cost savings. (C) 2016 Elsevier Ltd. All rights reserved.