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Coalition formation as a dynamic process
- Source :
- Journal of Economic Theory. May, 2003, Vol. 110 Issue 1, p1, 41 p.
- Publication Year :
- 2003
-
Abstract
- A process of coalition formation (PCF) is connected with unique absorbing state to the core, and equilibrium PCFs with multiple absorbing states to the largest consistent set. PCF is an ongoing , dynamic process, with payoffs generated as coalitions form, disintegrate, or regroup.
Details
- Language :
- English
- ISSN :
- 00220531
- Volume :
- 110
- Issue :
- 1
- Database :
- Gale General OneFile
- Journal :
- Journal of Economic Theory
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.119725299