A Theory of Gradual Coalition Formation Export

@article{citeulike:754743, abstract = {We study noncooperative multilateral bargaining games, based on underlying TU games, in which coalitions can renegotiate their agreements. We distinguish between models in which players continue to bargain after implementing agreements (\"reversible actions\") and models in which players who implement agreements must leave the game (\"irreversible actions\"). We show that renegotiation always results in formation of the grand coalition if actions are reversible, but that the process may otherwise end with smaller coalitions. On the other hand, we show that the grand coalition cannot form in one step if the core of the game is empty, irrespective of the reversibility of actions.}, author = {Seidmann, Daniel J. and Winter, Eyal}, citeulike-article-id = {754743}, citeulike-linkout-0 = {http://www.jstor.org/stable/2566913}, journal = {The Review of Economic Studies}, keywords = {games}, number = {4}, pages = {793--815}, posted-at = {2006-07-12 14:42:00}, priority = {2}, title = {A Theory of Gradual Coalition Formation}, url = {http://www.jstor.org/stable/2566913}, volume = {65}, year = {1998} }

TY - JOUR ID - citeulike:754743 L3 - citeulike-article-id:754743 N2 - We study noncooperative multilateral bargaining games, based on underlying TU games, in which coalitions can renegotiate their agreements. We distinguish between models in which players continue to bargain after implementing agreements ("reversible actions") and models in which players who implement agreements must leave the game ("irreversible actions"). We show that renegotiation always results in formation of the grand coalition if actions are reversible, but that the process may otherwise end with smaller coalitions. On the other hand, we show that the grand coalition cannot form in one step if the core of the game is empty, irrespective of the reversibility of actions. IS - 4 JF - The Review of Economic Studies EP - 815 TI - A Theory of Gradual Coalition Formation VL - 65 SP - 793 KW - games AU - Seidmann, Daniel AU - Winter, Eyal PY - 1998/// UR - http://www.jstor.org/stable/2566913 ER -