Rationing rules and stable coalition structures

Oihane Gallo () and Elena Inarra
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Oihane Gallo: Foundations of Economic Analysis I Department, University of the Basque Country

Theoretical Economics, 2018, vol. 13, issue 3

Abstract: This paper introduces a model of coalition formation with claims. It assumes that agents have claims over the outputs they could produce by forming coalitions. Outputs, insufficient to meet the claims and are rationed by a rule whose proposals of division induce each agent to rank the coalitions in which she can participate. As a result, a hedonic game of coalition formation emerges. Using resource monotonicity and consistency, we characterize the continuous rationing rules that induce hedonic games that admit core-stability.

Keywords: Coalition formation; hedonic games; core-stability; rationing rules (search for similar items in EconPapers)
JEL-codes: C71 D63 D74 (search for similar items in EconPapers)
Date: 2018-10-04
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Citations: View citations in EconPapers (7)

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