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Coalition formation in games without side payments

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Author Info
Centrone, F.
Meo, C.
Abstract

We study the endogenous formation of coalitions for games without side payments by embodying a notion of stability à la Hart and Kurz [Hart, S., Kurz, M., 1983. Endogenous formation of coalitions. Econometrica 51, 1295-1313] into the classical Shapley [lambda]-transfer value. Our analysis starts by first defining a new solution concept, the [lambda]-transfer stable CS value, and then providing an existence result for the three-player case.

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File URL: http://www.sciencedirect.com/science/article/B6V88-4SM62B8-3/2/35394aa66895c002aa49d86fd12920c4
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Publisher Info
Article provided by Elsevier in its journal Mathematical Social Sciences.

Volume (Year): 56 (2008)
Issue (Month): 3 (November)
Pages: 314-320
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Handle: RePEc:eee:matsoc:v:56:y:2008:i:3:p:314-320

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Web page: http://www.elsevier.com/locate/inca/505565

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Related research
Keywords: Cooperative games Coalition structures Stability;

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This page was last updated on 2009-12-3.

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