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 ï¿½solutionsï¿½ to the coalition formation cannot be interpreted as predictions of what would be ï¿½resting pointsï¿½ for a game in the way stable coalition structures are usually interpreted.
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- Effrosyni Diamantoudi & Licun Xue, "undated".
"Farsighted Stability in Hedonic Games,"
Economics Working Papers
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- Tayfun Sönmez & Suryapratim Banerjee & Hideo Konishi, 2001.
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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.
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