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 “resting points” for a game in the way stable coalition structures are usually interpreted.
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- Effrosyni Diamantoudi & Licun Xue, .
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Economics Working Papers
2000-12, School of Economics and Management, University of Aarhus.
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- Tayfun Sönmez & Suryapratim Banerjee & Hideo Konishi, 2001.
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Social Choice and Welfare,
Springer, vol. 18(1), pages 135-153.
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