Caparrós, Alejandro; Hammoudi, Abdelhakim; Tazdaït, Tarik - Fondazione ENI Enrico Mattei (FEEM) - 2004
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...