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Coalition Formation as a Dynamic Process

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Author Info
Hideo Konishi () (Boston College)
Debraj Ray () (New York University)

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Abstract

We study coalition formation as an ongoing, dynamic process,with payoffs generated as coalitions form, disintegrate, or regroup. A process of coalition formation (PCF) is an equilibrium if a coalitional move to some other state can be "justified" by the expectation of higher future value, compared to inaction. This future value,in turn,is endogenous: it depends on coalitional movements at each node. We study existence of equilibrium PCFs. We connect deterministic equilibrium PCFs with unique absorbing state to the core, and equilibrium PCFs with multiple absorbing states to the largest consistent set.In addition, we study cyclical as well as stochastic equilibrium PCFs.

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File URL: http://fmwww.bc.edu/EC-P/WP478.pdf
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Publisher Info
Paper provided by Boston College Department of Economics in its series Boston College Working Papers in Economics with number 478.

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Length: 46 pages
Date of creation: 01 Aug 2000
Date of revision: 15 Apr 2002
Publication status: Published, Journal of Economic Theory, 110, 1-41.
Handle: RePEc:boc:bocoec:478

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Related research
Keywords: coalition formation; farsightedness; dynamic equilibrium;

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Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Chatterjee, Kalyan & Bhaskar Dutta & Debraj Ray & Kunal Sengupta, 1993. "A Noncooperative Theory of Coalitional Bargaining," Review of Economic Studies, Blackwell Publishing, vol. 60(2), pages 463-77, April. [Downloadable!] (restricted)
  2. Suryapratim Banerjee & Hideo Konishi & Tayfun Sonmez, 1999. "Core in a Simple Coalition Formation Game," Boston College Working Papers in Economics 449, Boston College Department of Economics. [Downloadable!]
    Other versions:
  3. Abreu, Dilip, 1988. "On the Theory of Infinitely Repeated Games with Discounting," Econometrica, Econometric Society, vol. 56(2), pages 383-96, March. [Downloadable!] (restricted)
  4. Chwe Michael Suk-Young, 1994. "Farsighted Coalitional Stability," Journal of Economic Theory, Elsevier, vol. 63(2), pages 299-325, August. [Downloadable!] (restricted)
  5. Dutta, Bhaskar & Ray, Debraj & Sengupta, Kunal & Vohra, Rajiv, 1989. "A consistent bargaining set," Journal of Economic Theory, Elsevier, vol. 49(1), pages 93-112, October. [Downloadable!] (restricted)
  6. Dutta, Bhaskar & Mutuswami, Suresh, 1997. "Stable Networks," Journal of Economic Theory, Elsevier, vol. 76(2), pages 322-344, October. [Downloadable!] (restricted)
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  7. Dutta, Bhaskar & Ray, Debraj, 1989. "A Concept of Egalitarianism under Participation Constraints," Econometrica, Econometric Society, vol. 57(3), pages 615-35, May. [Downloadable!] (restricted)
  8. Bernheim, B. Douglas & Peleg, Bezalel & Whinston, Michael D., 1987. "Coalition-Proof Nash Equilibria I. Concepts," Journal of Economic Theory, Elsevier, vol. 42(1), pages 1-12, June. [Downloadable!] (restricted)
  9. Fudenberg, Drew & Maskin, Eric, 1986. "The Folk Theorem in Repeated Games with Discounting or with Incomplete Information," Econometrica, Econometric Society, vol. 54(3), pages 533-54, May. [Downloadable!] (restricted)
  10. Bogomolnaia, Anna & Jackson, Matthew O., 2002. "The Stability of Hedonic Coalition Structures," Games and Economic Behavior, Elsevier, vol. 38(2), pages 201-230, February. [Downloadable!] (restricted)
  11. Francis Bloch, 1995. "Endogenous Structures of Association in Oligopolies," RAND Journal of Economics, The RAND Corporation, vol. 26(3), pages 537-556, Autumn. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Hannu Vartiainen, 2007. "Dynamic Farsighted Stability," Discussion Papers 22, Aboa Centre for Economics. [Downloadable!]
  2. Bhaskar Dutta & Sayantan Ghosal & Debraj Ray, 2004. "Farsighted Network Formation," Working papers 122, Centre for Development Economics, Delhi School of Economics. [Downloadable!]
    Other versions:
  3. Jung, Hanjoon Michael / HM, 2007. "Spatial Pillage Game," MPRA Paper 9964, University Library of Munich, Germany. [Downloadable!]
    Other versions:
  4. Kóczy,László Á., 2005. "Strategic Aspects of the 1995 and 2004 EU Enlargements," Research Memoranda 043, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
  5. De Marco, Giuseppe & Romaniello, Maria, 2008. "Evolution of Coalition Structures under Uncertainty," MPRA Paper 14725, University Library of Munich, Germany, revised 16 Apr 2009. [Downloadable!]
  6. Daron Acemoglu & Georgy Egorov & Konstantin Sonin, 2006. "Coalition Formation in Political Games," Working Papers w0090, Center for Economic and Financial Research (CEFIR). [Downloadable!]
    Other versions:
  7. Frank H. Page & Myrna H. Wooders, 2009. "Endogenous Network Dynamics," Working Papers 2009.28, Fondazione Eni Enrico Mattei. [Downloadable!]
    Other versions:
  8. Rozen, Kareen, 2008. "Conflict Leads to Cooperation in Nash Bargaining," Working Papers 39, Yale University, Department of Economics. [Downloadable!]
    Other versions:
  9. Roberto Serrano & Oscar Volij, 2005. "Mistakes In Cooperation: The Stochastic Stability Of Edgeworth'S Recontracting," Economics Working Papers we056332, Universidad Carlos III, Departamento de Economía. [Downloadable!]
    Other versions:
  10. Ludovic Renou, 2006. "Partnerships," Working Papers 2006-05, University of Adelaide, School of Economics. [Downloadable!]
  11. Daron Acemoglu & Georgy Egorov & Konstantin Sonin, 2008. "Dynamics and Stability of Constitutions, Coalitions, and Clubs," NBER Working Papers 14239, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Vincent Anesi, 2006. "Committees with Farsighted Voters: A New Interpretation of Stable Sets," Social Choice and Welfare, Springer, vol. 27(3), pages 595-610, December. [Downloadable!] (restricted)
  13. Francis Bloch & Armando Gomes, 2004. "Contracting with Externalities and Outside Options," Working Papers 2004.78, Fondazione Eni Enrico Mattei. [Downloadable!]
    Other versions:
  14. Page Jr. Frank H & Wooders, Myrna & Kamat, Samir, 2003. "Networks and Farsighted Stability," The Warwick Economics Research Paper Series (TWERPS) 689, University of Warwick, Department of Economics. [Downloadable!]
    Other versions:
  15. Ludovic Renou, 2007. "Group formation and governance," Discussion Papers in Economics 07/07, Department of Economics, University of Leicester. [Downloadable!]
    Other versions:
  16. Etienne B. Yehoue, 2004. "Currency Bloc Formation as a Dynamic Process Based on Trade Network Externalities," IMF Working Papers 04/222, International Monetary Fund. [Downloadable!]
  17. Olivier Compte & Philippe Jehiel, 2008. "The Coalitional Nash Bargaining Solution," Levine's Bibliography 122247000000001852, UCLA Department of Economics. [Downloadable!]
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