STABLE COALITION STRUCTURES UNDER RESTRICTED COALITIONAL CHANGES
2014 ◽
Vol 16
(03)
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pp. 1450006
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In this paper, we examine whether farsighted players form the efficient grand coalition structure in coalition formation games. We propose a stability concept for a coalition structure, called sequentially stability, when only bilateral mergers of two separate coalitions are feasible because of high negotiation costs. We provide an algorithm to check the sequential stability of the grand coalition structure as well as sufficient conditions for which the efficient grand coalition structure is sequentially stable. We also illustrate out results by means of common pool resource games and Cournot oligopoly games.
2006 ◽
Vol 08
(01)
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pp. 111-126
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2013 ◽
Vol 30
(03)
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pp. 1340014
Keyword(s):
2012 ◽
Vol 16
(3)
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pp. 430-435
2010 ◽
Vol 39
◽
pp. 179-216
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Keyword(s):
Keyword(s):
2021 ◽
pp. 100016
2011 ◽
Vol 5
(4)
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pp. 205-208
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