Coral Games and the Core of Cores

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Coral Games and the Core of Cores

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dc.contributor.author Bono, James
dc.date.accessioned 2009-02-26T21:36:45Z
dc.date.available 2009-02-26T21:36:45Z
dc.date.created 2008-11
dc.date.issued 2008-11
dc.identifier.uri http://hdl.handle.net/1961/5043
dc.description Working Paper No. 2008-18. 28 pages. en
dc.description.abstract Many economically and politically important groups are themselves comprised of groups. Examples of such multi-level group structures include coalition governments, labor confederations and research consortia. In this paper, a model of multi-level group structures and an equilibrium concept are developed. The results establish that individu- als and groups will make tradeo®s across levels of the overall structure. Therefore, overall stability and overall instability can both arise from any combination of stable and unsta- ble levels. The framework and results have applications in many ¯elds, including political economy, industrial organization, and environmental economics. en
dc.description.sponsorship Department of Economics, American University en
dc.language.iso en_US en
dc.publisher Department of Economics, American University en
dc.rights Copyright © 2008 by James Bono. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. en
dc.subject.other the core en
dc.subject.other coalitions en
dc.subject.other complexity en
dc.subject.other multi-level group structure en
dc.title Coral Games and the Core of Cores en
dc.type Working Paper en


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