Stable Coalition Structures under Restricted coalitional changes

Abstract

In this paper, we examine whether farsighted players form the e¢ cient 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… (More)
DOI: 10.1142/S0219198914500066

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