Endogenous Formation of Coalitions
Sergiu Hart and Mordecai Kurz
In order to develop a theory of coalition formation and
maintenance, we first establish a valuation criterion
for each individual player in a given coalition structure. Various
stability concepts based on it are then
developed and studied.
For applications to various games, see
Hart and Kurz (1984).
Econometrica 51 (1983), 4, 1047-1064