IDEAS home Printed from https://ideas.repec.org/a/sgh/annals/i32y2013p55-76.html
   My bibliography  Save this article

The Terms of Cooperation’s Stability. What is the Reason of Flow Between Coalitions?

Author

Listed:
  • Mikołaj Jasiński

    (Uniwersytet Warszawski)

Abstract

The following article presents an application of game-theoretical models, meant to describe and explain the conditions of stability of coalitions created within decision-making bodies. The basis of the presented approach is the concept of power indices, as well as subadditivity and superadditivity of coalitions. The article also illustrates how to apply the model of oceanic games for analyzing assemblies consisting of many participants. These studies are exemplified by the results of research on the decision-making processes in the Sejm (the lower house of the Polish parliament) and among delegates of the 2008 U.S. presidential nominations of the Democratic Party, which lead to clear, intuitive interpretations, useful for explanations of processes occurring within the decision-making bodies.

Suggested Citation

  • Mikołaj Jasiński, 2013. "The Terms of Cooperation’s Stability. What is the Reason of Flow Between Coalitions?," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 32, pages 55-76.
  • Handle: RePEc:sgh:annals:i:32:y:2013:p:55-76
    as

    Download full text from publisher

    File URL: http://rocznikikae.sgh.waw.pl/p/roczniki_kae_z32_05.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. J. W. Milnor & L. S. Shapley, 1978. "Values of Large Games II: Oceanic Games," Mathematics of Operations Research, INFORMS, vol. 3(4), pages 290-307, November.
    2. N. Z. Shapiro & L. S. Shapley, 1978. "Values of Large Games, I: A Limit Theorem," Mathematics of Operations Research, INFORMS, vol. 3(1), pages 1-9, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abraham Neyman & Rann Smorodinsky, 2004. "Asymptotic Values of Vector Measure Games," Mathematics of Operations Research, INFORMS, vol. 29(4), pages 739-775, November.
    2. Neyman, Abraham, 2010. "Singular games in bv'NA," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 384-387, July.
    3. Zaremba Leszek & Zaremba Cezary S. & Suchenek Marek, 2017. "Modification of Shapley Value and its Implementation in Decision Making," Foundations of Management, Sciendo, vol. 9(1), pages 257-272, October.
    4. Dennis Leech, 2013. "Power indices in large voting bodies," Public Choice, Springer, vol. 155(1), pages 61-79, April.
    5. Levy, Anat & Shapley, Lloyd S, 1997. "Individual and Collective Wage Bargaining," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(4), pages 969-991, November.
    6. Crama, Yves & Leruth, Luc, 2007. "Control and voting power in corporate networks: Concepts and computational aspects," European Journal of Operational Research, Elsevier, vol. 178(3), pages 879-893, May.
    7. Khan, M. Ali & Sun, Yeneng, 1999. "Non-cooperative games on hyperfinite Loeb spaces1," Journal of Mathematical Economics, Elsevier, vol. 31(4), pages 455-492, May.
    8. Leech, Dennis, 2001. "An Empirical Comparison of the Performance of Classical Power Indices," Economic Research Papers 269334, University of Warwick - Department of Economics.
    9. Leech, Dennis, 2010. "Power Indices in Large Voting Bodies," The Warwick Economics Research Paper Series (TWERPS) 942, University of Warwick, Department of Economics.
    10. Leech, Dennis, 2010. "Power Indices in Large Voting Bodies," Economic Research Papers 270996, University of Warwick - Department of Economics.
    11. Leech, Dennis, 1999. "Minority Control: An Analysis of British Companies using Voting Power Indices," Economic Research Papers 269251, University of Warwick - Department of Economics.
    12. Sascha Kurz, 2016. "The inverse problem for power distributions in committees," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(1), pages 65-88, June.
    13. Chung, Kee H. & Kim, Jeong-Kuk, 1999. "Corporate ownership and the value of a vote in an emerging market," Journal of Corporate Finance, Elsevier, vol. 5(1), pages 35-54, March.
    14. Renneboog, L.D.R. & Szilagyi, P.G., 2006. "How Relevant is Dividend Policy under Low Shareholder Protection?," Other publications TiSEM 70e258ee-7fcd-4c5f-83a2-2, Tilburg University, School of Economics and Management.
    15. Attig, Najah & Guedhami, Omrane & Mishra, Dev, 2008. "Multiple large shareholders, control contests, and implied cost of equity," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 721-737, December.
    16. Sun, Xiang & Sun, Yeneng & Yu, Haomiao, 2020. "The individualistic foundation of equilibrium distribution," Journal of Economic Theory, Elsevier, vol. 189(C).
    17. Maury, Benjamin & Pajuste, Anete, 2005. "Multiple large shareholders and firm value," Journal of Banking & Finance, Elsevier, vol. 29(7), pages 1813-1834, July.
    18. Taylan Mavruk & Conny Overland & Stefan Sjögren, 2020. "Keeping it real or keeping it simple? Ownership concentration measures compared," European Financial Management, European Financial Management Association, vol. 26(4), pages 958-1005, September.
    19. Berezinets, Irina & Ilina, Yulia & Muravyev, Alexander, 2011. "CEO and Board Characteristics as Determinants of Private Benefits of Control: Evidence from the Russian Stock Exchange," IZA Discussion Papers 6256, Institute of Labor Economics (IZA).
    20. Renneboog, Luc & Szilagyi, Peter, 2020. "How relevant is dividend policy under low shareholder protection?," Other publications TiSEM 9fab895c-69f2-4056-8df8-8, Tilburg University, School of Economics and Management.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sgh:annals:i:32:y:2013:p:55-76. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michał Bernardelli (email available below). General contact details of provider: https://edirc.repec.org/data/sgwawpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.