The Myopic Stable Set for Social Environment
Article
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.