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Coalition formation as a dynamic process

Authors :
Konishi, Hideo
Debraj, Ray
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