Wang, Yuanshi; Wu, Hong - In: Physica A: Statistical Mechanics and its Applications 348 (2005) C, pp. 641-658
In this paper, we analyze the model of agent-based coalition formation in markets. Our goal is to study the convergence of the coalition formation and optimize agents’ strategies. We show that the model has a unique steady state (equilibrium) and prove that all solutions converge to it in the...