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    Game-Theoretic Perspective on Coalition Formation

    By: Debraj Ray

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    -+
    $60.99
     
     
    ISBN
    9780191607240
    Date Released
    Binding
    eBook
     
     

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    Description
    The formation of coalitions to achieve both collaborative and competitive goals is a phenomenon we see all around us. The list is long and varied: production cartels, political lobbies, customs unions, environmental coalitions, and ethnic alliances are just a few everyday instances. Drawing upon and extending his inaugural Lipsey Lectures at the University of Essex, Debraj Ray looks at coalition formation from the perspective of game theory. How are agreementsdetermined? Which coalitions will form? And are such agreements invariably efficient from a social perspective?Ray brings together developments in both cooperative and noncooperative game theory to study the analytics of coalition formation and binding agreements. This book concentrates on pure theory, but discusses several potential applications, such as oligopoly and the provision of public goods.

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