of the standalone deposit purchase policy either no coalition is stable or the grand coalition is the only stable … coalition. If the two-instrument policy is implemented, all countries inside and outside the coalition are better off than in …

of strong equilibrium and coalition - proof equilibrium for plurality rule and runoff rule elections. We characterize …

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 conditions of existence and enlargement of a coalition with heterogeneous …