A game theoretic perspective on coalition formation 1st Edition by Debraj Ray ISBN 978-0199207954 019920795X

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Product details: 

ISBN 10:  019920795X

ISBN 13: 978-0199207954

Author: Debraj Ray
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations.

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 agreements determined? 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.

Table of contents: 

1. Introduction
Part 1. The Setting

Ingredients for a Theory of Agreements

Coalitions, Cooperation, and Non-Cooperation

Part 2. The Bargaining Approach to Coalitions Formation

Irreversible Commitments

Irreversible Commitments: Symmetric Games

Applications

Irreversible Commitments: The General Case

A Framework for Reversible Commitments

Reversible Commitments, Characteristic Functions, and Efficiency

Games with Externalities

Part 3. The Blocking Approach to Coalition Formation

Blocking

Binding Agreements

The Blocking Approach in Real Time

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Tags: Debraj Ray, A game theoretic, perspective on coalition