A Theory of Gradual Coalition Formation

S-Tier
Journal: Review of Economic Studies
Year: 1998
Volume: 65
Issue: 4
Pages: 793-815

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:oup:restud:v:65:y:1998:i:4:p:793-815.
Journal Field
General
Author Count
2
Added to Database
2026-01-29