In a recent paper [Beige, Knight, and Vitiello, quant-ph/0404160], we showed that a large number N of particles can be cooled very efficiently. The particles should be excited by red-detuned laser fields while coupling to the quantized field mode inside a resonant and leaky optical cavity. When the coupling constants are for all particles the same, a collective behavior can be generated and the cooling rate can be as large as << times the single-particle coupling constants. Here we study the algebraic structure of the dynamics and the origin of the collective cooling process in detail.