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Membership rules and stability of coalition structures in positive externality games


Reference:

Finus, M. and Rundshagen, B., 2009. Membership rules and stability of coalition structures in positive externality games. Social Choice and Welfare, 32 (3), pp. 389-406.

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Official URL:

http://dx.doi.org/10.1007/s00355-008-0330-z

Abstract

This paper compares the stability of coalition structures under six institutional settings of treaty formation in positive externality games. We argue that many economic problems belong to the class of positive externality games (i.e. outsiders benefit from the formation of coalitions) and hence our results can be applied to many situations. It is shown that it is easier to sustain agreements under exclusive than under open membership and the higher the "degree of consensus" necessary to form a coalition.

Details

Item Type Articles
CreatorsFinus, M.and Rundshagen, B.
DOI10.1007/s00355-008-0330-z
DepartmentsFaculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code28393

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