The Myopic Stable Set for Social Environment

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Article
Author/s: 
Thomas Demuynck, P. Jean‚ÄźJacques Herings, Riccardo D. Saulle, Christian Seel
Econometrica
Issue number: 
JAN 2019, VOLUME 87, ISSUE 1
Publisher: 
The Econometric Society
Year: 
2019
Journal pages: 
111-138
We introduce a new solution concept for models of coalition formation, called the myopic stable set (MSS). The MSS is defined for a general class of social environments and allows for an infinite state space. An MSS exists and, under minor continuity assumptions, it is also unique.
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