The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
Econometrica: Jan, 2019, Volume 87, Issue 1
https://doi.org/10.3982/ECTA14954
p. 111-138
Thomas Demuynck, P. Jean‐Jacques Herings, Riccardo D. Saulle, Christian Seel
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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December 4, 2024
