A characterization of absorbing sets in coalition formation games

Fuente: arXiv
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Auteurs principaux: Bonifacio, Agustin G., Inarra, Elena, Neme, Pablo
Format: Preprint
Publié: 2020
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author Bonifacio, Agustin G.
Inarra, Elena
Neme, Pablo
author_facet Bonifacio, Agustin G.
Inarra, Elena
Neme, Pablo
contents Given a standard myopic dynamic process among coalition structures, an absorbing set is a minimal collection of such structures that is never left once entered through that process. Absorbing sets are an important solution concept in coalition formation games, but they have drawbacks: they can be large and hard to obtain. In this paper, we characterize an absorbing set in terms of a collection consisting of a small number of sets of coalitions that we refer to as a "reduced form" of a game. We apply our characterization to study convergence to stability in several economic environments.
format Preprint
id arxiv_https___arxiv_org_abs_2009_11689
institution arXiv
publishDate 2020
record_format arxiv
spellingShingle A characterization of absorbing sets in coalition formation games
Bonifacio, Agustin G.
Inarra, Elena
Neme, Pablo
Theoretical Economics
Computer Science and Game Theory
Given a standard myopic dynamic process among coalition structures, an absorbing set is a minimal collection of such structures that is never left once entered through that process. Absorbing sets are an important solution concept in coalition formation games, but they have drawbacks: they can be large and hard to obtain. In this paper, we characterize an absorbing set in terms of a collection consisting of a small number of sets of coalitions that we refer to as a "reduced form" of a game. We apply our characterization to study convergence to stability in several economic environments.
title A characterization of absorbing sets in coalition formation games
topic Theoretical Economics
Computer Science and Game Theory
url https://arxiv.org/abs/2009.11689