Farsighted Fuzzy Coalitions in an Economy with Multilateral Negative Externalities
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How do coalitions form in games with externalities?
This is important for understanding whether full
cooperation be sustained in tackling problems such as
climate change.
In traditional coalition formation games, each player
makes a binary decision on whether or not to
cooperate.
But what if players within coalitions choose not to
cooperate fully with each other? This study looks at the
coalition formation process