Abstract

In this note we show that no solution to coalition formation games can satisfy a set of axioms that we propose as reasonable. Our result points out that "solutions" to the coalition formation cannot be interpreted as predictions of what would be ìresting pointsî for a game in the way stable coalition structures are usually interpreted.
Published as: A Note on the Impossibility of a Satisfactory Concept of Stability for Coalition Formation Games in Economics Letters , Vol. 95, No. 1, 85--90, January, 2007