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We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition …, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the …
Persistent link: https://www.econbiz.de/10011591399
This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …
Persistent link: https://www.econbiz.de/10008737140
We study coalitional games where the proceeds from cooperation depend on the entire coalition structure. The coalition … structure core (Kóczy, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative …, sequential coalition formation model and show that the set of equilibrium outcomes coincides with the recursive core. In order to …
Persistent link: https://www.econbiz.de/10008823908
We consider a standard coalitional bargaining game where once a coalition forms it exits as in Okada (2011), however … chosen with equal probability. If that is the case, she can choose any coalition she belongs to. However, a coalition can …
Persistent link: https://www.econbiz.de/10011296159
the efficient coalition structure is stable in terms of the coalition formation theory. It is assumed that coalitions can … coalitions) and a coalition may deviate if and only if it stands to gain from it. It is then shown that subsequent to a deviation … by a coalition, the nonmembers will have incentives to break apart into singletons, as is assumed in the definition of …
Persistent link: https://www.econbiz.de/10011592935
distribution of coalitional gains and the dynamics of coalition formation are characterized in four illustrative applications. …
Persistent link: https://www.econbiz.de/10011602846
show the equivalence between the set of pairwise stable matchings and the set of matchings generated by coalition …
Persistent link: https://www.econbiz.de/10011593632
the coalition information exchange decreases until a minimum participation consisting of three countries is reached. We … also find that the grand coalition is stable if the countries sign an international research joint venture but in this case …
Persistent link: https://www.econbiz.de/10010344228
We examine the formation of networks among a set of players whose payoffs depend on the structure of the network. We focus on games where players may bargain by promising or demanding transfer payments when forming links. We examine several variations of the transfer/bargaining aspect of link...
Persistent link: https://www.econbiz.de/10011603119
We investigate the computational complexity of several decision problems in hedonic coalition formation games and … either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure … stable coalition structure and of an individually stable coalition structure turn out to be NP-complete in the strong sense …
Persistent link: https://www.econbiz.de/10008799165