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Outside options, component efficiency, and stability

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  • Casajus, André

Abstract

In this paper, we introduce a component efficient value for TU games with a coalition structure which reflects the outside options of players within the same structural coalition. It is based on the idea that splitting a coalition should affect players who stay together in the same way. We show that for all TU games there is a coalition structure that is stable with respect to this value.

Suggested Citation

  • Casajus, André, 2009. "Outside options, component efficiency, and stability," Games and Economic Behavior, Elsevier, vol. 65(1), pages 49-61, January.
    • Handle: RePEc:eee:gamebe:v:65:y:2009:i:1:p:49-61
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    References listed on IDEAS

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