Farsightedness and Cautiousness in Coalition Formation

Ana Mauleon and Vannetelbosch Vincent
Additional contact information
Vannetelbosch Vincent: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)

No 2003003, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We adopt the largest consistent set defined by Chwe (J. of Econ. Theory 63 (1994, 299-235) to predict which coalition structures are possibly stable when prayers are farsighted. We also introduce a refinement. the largest cautious consistent set, based on the assumption that players are cautious. For games with positive spillovers, many coalition structures may belong to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the largest consistent set and is the unique one to belong to the largest cautious consistent set.

Keywords: coalition formation; farsightedness; cautiousness; positive spillovers; largest consistent set (search for similar items in EconPapers)
JEL-codes: C70 C71 C72 C78 (search for similar items in EconPapers)
Pages: 25
Date: 2003-02-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://sites.uclouvain.be/econ/DP/IRES/2003-3.pdf (application/pdf)

Related works:
Working Paper: Farsightedness and Cautiousness in Coalition Formation (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2003003

Access Statistics for this paper

More papers in LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) Place Montesquieu 3, 1348 Louvain-la-Neuve (Belgium). Contact information at EDIRC.
Bibliographic data for series maintained by Virginie LEBLANC ().