Farsightedness and Cautiousness in Coalition Formation Games with Positive Spillovers |
| |
Authors: | Ana Mauleon Vincent Vannetelbosch |
| |
Affiliation: | (1) CORE, Universitécatholique de Louvain, Voie du Roman Pays 34, Louvain-la-Neuve, B-1348, Belgium;(2) LABORES (URA 362, CNRS), Université catholique de Lille, France |
| |
Abstract: | We adopt the largest consistent set defined by Chwe (1994; J. Econ. Theory 63: 299–325) to predict which coalition structures are possibly stable when players are farsighted. We also introduce a refinement, the largest cautious consistent set, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the largest consistent set and is the unique one to belong to the largest cautious consistent set. |
| |
Keywords: | Coalition formation Farsightedness Cautiousness Positive spillovers Largest consistent set |
本文献已被 SpringerLink 等数据库收录! |
|