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Contractually Stable Networks AgEcon
Caulier, Jean-Francois; Mauleon, Ana; Vannetelbosch, Vincent.
We develop a theoretical framework that allows us to study which bilateral links and coalition structures are going to emerge at equilibrium. We define the notion of coalitional network to represent a network and a coalition structure, where the network specifies the nature of the relationship each individual has with his coalition members and with individuals outside his coalition. To predict the coalitional networks that are going to emerge at equilibrium we propose the concept of contractual stability which requires that any change made to the coalitional network needs the consent of both the deviating players and their original coalition partners. We show that there always exists a contractually stable coalitional network under the simple majority...
Tipo: Working or Discussion Paper Palavras-chave: Networks; Coalition Structures; Contractual Stability; Allocation Rules; Institutional and Behavioral Economics; A14; C70.
Ano: 2009 URL: http://purl.umn.edu/52343
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