A Note on the Impossibility of a Satisfactory Concept of Stability for Coalition Formation Games
In this note we show that no solution to coalition formation games can satisfy a set of axioms that we propose as reasonable. Our result points out that "solutions" to the coalition formation cannot be interpreted as predictions of what would be ìresting pointsî for a game in the way stable coalition structures are usually interpreted.
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- Effrosyni Diamantoudi & Licun Xue, 2003.
"Farsighted stability in hedonic games,"
Social Choice and Welfare,
Springer;The Society for Social Choice and Welfare, vol. 21(1), pages 39-61, 08.
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- Licun Xue, 1998. "Coalitional stability under perfect foresight," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(3), pages 603-627. Full references (including those not matched with items on IDEAS)