A Game-Theoretic Perspective on Coalition Formation

Debraj Ray is Julius Silver Professor of Economics and Director of Graduate Studies in Economics at New York University. He has held long-term appointments at Stanford University, the Indian Statistical Institute, and Boston University. He has held numerous visiting appointments at Harvard University, MIT, the Instituto de Matemática Pura e Aplicada (Rio De Janeiro), the People's University of China (Beijing), and the London School of Economics. He is a Permanent Research Affiliate of the Instituto de Análisis Económico (Barcelona).Professor Ray is a Fellow of the Econometric Society, a recipient of the Mahalanobis Memorial Medal, and a recipient of the Outstanding Young Scientists Award (in the area of mathematics) from the Indian National Science Academy. He received the Dean's Award for Distinguished Teaching at Stanford and the Gittner Award for Teaching Excellence in Economics at Boston University.

• PART 1 THE SETTING; PART 2 THE BARGAINING APPROACH TO COALITIONS FORMATION; PART 3 A BLOCKING APPROACH TO COALITION FORMATION

beautifully written should be required reading for any young economic theorist