The Theory of Clubs and Competitive Coalitions

Myrna Wooders

Annual Review of Economics, 2012, vol. 4, issue 1, 595-626

Abstract: This review discusses research demonstrating that club economies and coalition economies with many participants and relatively small effective groups (clubs, jurisdictions, or coalitions) are competitive. Small groups are effective if all or almost all gains to collective activities can be realized by cooperation restricted to them. At this point, there are many papers in the literature demonstrating the competitiveness of club and coalition economies in a variety of contexts. To facilitate the exposition, I treat economies with quasi-linear utilities and games with side payments. The main concepts and results for this framework are discussed. Additionally, relationships are established with regard to broader models of club and coalition economies, including very recent contributions to the literature.

Keywords: core; jurisdictions; f-coref; core-equilibrium equivalence; Edgeworth equivalence; continuum economies with clubs; crowding types; equal-treatment core (search for similar items in EconPapers)
JEL-codes: C7 D5 H4 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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