Centrone, F.; Meo, C. - In: Mathematical Social Sciences 56 (2008) 3, pp. 314-320
We study the endogenous formation of coalitions for games without side payments by embodying a notion of stability à la Hart and Kurz [Hart, S., Kurz, M., 1983. Endogenous formation of coalitions. Econometrica 51, 1295-1313] into the classical Shapley [lambda]-transfer value. Our analysis...