Efficiency in coalition games with externalities

被引:71
作者
Hafalir, Isa E. [1 ]
机构
[1] Penn State Univ, Dept Econ, University Pk, PA 16802 USA
基金
美国国家科学基金会;
关键词
coalition formation; externalities; partition function games; Shapley value; implementation;
D O I
10.1016/j.geb.2007.01.009
中图分类号
F [经济];
学科分类号
02 ;
摘要
A natural extension of superadditivity is not sufficient to imply that the grand coalition is efficient when externalities are present. We provide a condition, analogous to convexity, that is sufficient for the grand coalition to be efficient and show that this also implies that the (appropriately defined) core is nonempty. Moreover, we propose a mechanism which implements the most efficient partition for all coalition formation games and characterizes the resulting payoff division. (C) 2007 Elsevier Inc. All rights reserved.
引用
收藏
页码:242 / 258
页数:17
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