Breton, Michel Le; Moreno-Ternero, Juan D.; Savvateev, … - Departamento de Economía, Universidad Pablo de Olavide - 2010
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...