An existence result for farsighted stable sets of games in characteristic function form

An existence result for farsighted stable sets of games in characteristic function form

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Article ID: iaor20116140
Volume: 40
Issue: 2
Start Page Number: 393
End Page Number: 401
Publication Date: May 2011
Journal: International Journal of Game Theory
Authors: ,
Abstract:

In this paper we show that every finite‐player game in characteristic function form (not necessarily with side payments) obeying an innocuous condition (that the set of individually rational pay‐off vectors is bounded) possesses a farsighted von‐Neumann–Morgenstern stable set.

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