This introductory chapter describes the problem studied in the remainder of the book: what happens when a group of agents get together to write one or more agreements. If a subgroup forms a coalition, they act cooperatively by choosing and implementing a joint course of action. However, the actions of different coalitions are chosen independently and non-cooperatively. This book is interested in the equilibrium of coalition formation. Which coalitions will come about? Is there a presumption that such coalition formation will be efficient? If so, under what circumstances will they be efficient? If not, can one place bounds on the extent of inefficiency that may occur?
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.