New Approaches in Coalition Stability
AbstractIn this paper we propose the state of art in the theory of coalitional games in effectiveness form without bargaining between coalitions. We study some solution concepts: The largest consistent set (Chwe, 1994); the largest cautious consistent set (Mauleon et al., 2004); the credible consistent set (Bhattacharya, 2002); standard stable behaviors (Xue, 1998). A series of examples, showing main features and differences between these solutions, are presented in order to outline some drawbacks and positive aspects in the philosophical framework of stability concepts.
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Bibliographic InfoPaper provided by Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia in its series Quaderni DSEMS with number 11-2009.
Date of creation: Jul 2009
Date of revision:
coalitonal games; stable sets; farsightedness.;
Find related papers by JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
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