IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Coalition Formation in a Five-Person Market Game

  • Amnon Rapoport

    (University of North Carolina)

  • James P. Kahan

    (The Rand Corporation, Santa Monica)

Market games constitute a class of cooperative n-person games with sidepayments in which several coalitions may form simultaneously. In order to study coalition forming behavior in such games and to test the descriptive power of four major solution concepts that yield differing prescriptions for market games, 11 pentads of students each played 6 different market games presented in characteristic function form through a computer-controlled experimental procedure. The outcomes showed strong consistencies over pentads and sharp differences among games. None of the models fully accounted for these data. Instead, considerations of sequential formation of coalitions within a coalition structure, the concept of maximal share structure suggested in the equal share solution, and a recently developed model, that encompasses the predictions of the bargaining set and equal shares, served jointly as the first-order determinants of both the decision of which coalition to form and the allocation of payoff to coalition members.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://dx.doi.org/10.1287/mnsc.30.3.326
Download Restriction: no

Article provided by INFORMS in its journal Management Science.

Volume (Year): 30 (1984)
Issue (Month): 3 (March)
Pages: 326-343

as
in new window

Handle: RePEc:inm:ormnsc:v:30:y:1984:i:3:p:326-343
Contact details of provider: Postal: 7240 Parkway Drive, Suite 300, Hanover, MD 21076 USA
Phone: +1-443-757-3500
Fax: 443-757-3515
Web page: http://www.informs.org/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:30:y:1984:i:3:p:326-343. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mirko Janc)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.