Breton, Michel Le; Moreno-Ternero, Juan D.; Savvateev, … - Departamento de Teoría e Historia Económica, Facultad … - 2010
This article studies a model of coalition formation for the joint production (and finance) of public projects, in which agents may belong to multiple coalitions. We show that, if projects are divisible, there always exists a stable (secession-proof) structure, i.e., a structure in which no...