coalition theory, we find that the potential benefits of water trade may not be sufficient to make all agents in the river …We analyse river sharing games in which a set of agents located along a river shares the available water. Using … cooperate and acknowledge property rights as a prerequisite for trade. Specifically, a complete market for river water may not …

We propose a framework to analyze coalition formation with heterogeneous agents. Existing literature defines stability … conditions that do not ensure that, once an agent decides to sign an agreement, the enlarged coalition is feasible. Defining the … concepts of refraction and exchanging, we set up conditions of existence and enlargement of a coalition with heterogeneous …