condition is imposed as well, the existence of Nash stable partitions. -- Coalition formation ; Nash stability ; Partitions …

This paper extends the theory of endogenous coalition formation, with complete information and transferable utility, to …

modifications: first, payoff division can only be agreed upon after the coalition has formed (two-stage bargaining); second …, negotiations in the coalition can break down, in which case a new coalition may be formed (reversible coalitions). Under the most … propoper advantage and a linear relationship between weights and ex post payoffs for all coalition members other than the …

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 …

increasing as a coalition adds to its members. The new feature in the mechanism is that the proposer has a choice to implement …

-free manner, when just three natural conditions are satisfied:(C1) A coalition is formed with positive probability if, and only if … coalition distributes the entire surplus among its members.(C3) Members of any coalition are treated symmetrically with respect … to their share expectations when the surplus of this coalition is distributed.Our analysis primarily focuses on the limit …

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 … coalition forms without delay in equilibrium, expected payoffs must be in the core of the characteristic function game that …