coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …This paper studies an extensive form game of coalition formation with random proposers in games with externalities. It … strong condition, the equilibrium coalition structure is not necessarily efficient. There may be multiple equilibria even in …

recursive core coalition structure may be either coarser or finer than the one that maximizes the social surplus. Moreover, the …We study the recursive core introduced in Huang and Sjöström [8]. In general partition function form games, the … recursive core structure is typically different from the one predicted by the α-core. We fully implement the recursive core for …

the average rankings of the other types of groups. We show that a core stable coalition structure always exists, provided …We consider three-sided coalition formation problems when each agent is concerned about his local status as measured by …

than usual discount of $10 million among 5 importers. The discount is a result of forming a coalition by 5 current …