Endogenous Coalition Formation Concepts

Joseph Plasmans, Jacob Engwerda, Bas van Aarle, Giovanni Di Bartolomeo () and Tomasz Michalak
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Joseph Plasmans: University of Antwerp, Belgium and Tilburg University
Tomasz Michalak: University of Antwerp

A chapter in Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations, 2006, pp 145-196 from Springer

Abstract: The recent large interest in endogenous coalition formation theory was boosted by several factors.International agreements among nations are more and more important in the globalizing economy. Examples of transnational issues range from economic cooperation, migration liberalization, technological cooperation and so on, to environmental protection. Especially studies on this last issue delivered very interesting developments in the endogenous coalition formation theory.1 The common characteristic of all these problems is that welfare of each country depends not only on its own actions but also on actions of other nations. In other words, actions of each agent induce externalities, which can (but does not have to) deliver strong incentives to cooperate. Apart from international agreements, endogenous coalition formation theory has been utilized in various other important research fields, such as R&D, creation of oligopolies, etc. Again, the common feature of all these settings are externalities from coalition formation, which make a coalitional approach relevant for players, welfare.

Keywords: Central Bank; Coalition Formation; Coalition Structure; Strategy Vector; Partial Coalition (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-0-387-27931-2_5

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DOI: 10.1007/0-387-27931-8_5

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