Coalition Formation and Stability |
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| Authors: | José Alcalde Antonio Romero-Medina |
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| Institution: | (1) GEPYD and Department of Economics, University of Alicante, 03071 Alicante, Spain;(2) Department of Economics, Universidad Carlos III de Madrid, Madrid, Spain |
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| Abstract: | This paper studies a class of NTU coalition formation games in which every player’s payoff depends only on the members of her coalition. We identify four natural conditions on individuals’ preferences and show that, under each condition, stable (core) allocations exists. |
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