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1、AGame-TheoreticPerspectiveonCoalitionFormationTheLipseyLecturesTheLipseyLectures,deliveredeverytwoyears,offeraforumforleadingscholarstoreflectupontheirresearch.Lipseylecturers,cho-senfromamongprofessionaleconomistsapproachingtheheightoftheircareers,willhaverecentlymade
2、keycontributionsatthefrontierofanyfieldoftheoreticalorappliedeconomics.Theem-phasisisonnovelty,originalityandrelevancetoanunderstandingofthemodernworld.Itisexpected,therefore,thateachvolumeintheserieswillbecomeacoresourceforgraduatestudentsandaninspirationforfurtherres
3、earch.ThelectureseriesisnamedafterRichardG.Lipsey,thefoundingprofessorofeconomicsattheUniversityofEssex.ProfessorLipseyinstilledatEssexacommitmenttoexplorechallengingissuesinappliedeconomics,groundedinformaleconomictheory,thepredictionsofwhichweretobesubjectedtorigoro
4、ustesting,therebyilluminatingimportantpolicydebates.ThisapproachremainscentraltoeconomicresearchatEssexandaninspirationformembersoftheDepartmentofEconomics.InrecognitionofRichardLipsey’searlyvisionfortheDepartment,andincontinuedpursuitofitsmissionofacademicexcellence,
5、theDepartmentofEconomicsispleasedtoorganizethelectureseries,withsupportfromOxfordUniversityPress.AGame-TheoreticPerspectiveonCoalitionFormationDEBRAJRAY13GreatClarendonStreet,OxfordOX26DPOxfordUniversityPressisadepartmentoftheUniversityofOxford.ItfurtherstheUniversity
6、sobjectiveofexcellenceinresearch,scholarship,andeducationbypublishingworldwideinOxfordNewYorkAucklandCapeTownDaresSalaamHongKongKarachiKualaLumpurMadridMelbourneMexicoCityNairobiNewDelhiShanghaiTaipeiTorontoWithofficesinArgentinaAustriaBrazilChileCzechRepublicFranceGree
7、ceGuatemalaHungaryItalyJapanPolandPortugalSingaporeSouthKoreaSwitzerlandThailandTurkeyUkraineVietnamOxfordisaregisteredtrademarkofOxfordUniversityPressintheUKandincertainothercountriesPublishedintheUnitedStatesbyOxfordUniversityPressInc.,NewYorkcDebrajRay2007Themoral
8、rightsoftheauthorhavebeenassertedDatabaserightOxfordUniversityPress(maker)Firstpublished2007Allrightsreserved.Nopartofthispu