notion of the largest consistent set. The designer’s exercise consists of designing a rights structure that formalizes the …

We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the … largest consistent set and is the unique one to belong to the largest cautious consistent set. …

We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the … largest consistent set and is the unique one to belong to the largest cautious consistent set. …

We adopt the largest consistent set defined by Chwe (J. of Econ. Theory 63 (1994, 299-235) to predict which coalition … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the … largest consistent set and is the unique one to belong to the largest cautious consistent set. …

We adopt the largest consistent set defined by Chwe [J. of Econ. Theory 63 (1994), 299-235] to predict which coalition … to the largest consistent set. The grand coalition, which is the efficient coalition structure, always belongs to the … largest consistent set and is the unique one to belong to the largest cautious consistent set. …

the members share the coalition benefits. We adopt the largest consistent set (LCS) to predict which coalition structures …

Jackson and Wolinsky (1996). We use the largest consistent set (LCS)(Chwe (1994)) as the solution concept for stability. We … allocation rule) exists for which the largest consistent set does not contain any Pareto efficient network. These confirm that …