EBOOK Game-Theoretic Perspective on Coalition Formation

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? Whichcoalitions 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.