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来源类型 | FEEM working papers "Note di lavoro" series |
规范类型 | 论文 |
The Myopic Stable Set for Social Environments | |
Thomas Demuynck; P. Jean-Jacques Herings; Riccardo D. Saulle; Christian Seel | |
发表日期 | 2017 |
出处 | Economic Theory |
出版年 | 2017 |
语种 | 英语 |
摘要 | We introduce a new solution concept for models of coalition formation, called the myopic stable set. The myopic stable set is defined for a very general class of social environments and allows for an infinite state space. We show that the myopic stable set exists and is non-empty. Under minor continuity conditions, we also demonstrate uniqueness. Furthermore, the myopic stable set is a superset of the core and of the set of pure strategy Nash equilibria in noncooperative games. Additionally, the myopic stable set generalizes and unifies various results from more specific environments. In particular, the myopic stable set coincides with the coalition structure core in coalition function form games if the coalition structure core is non-empty; with the set of stable matchings in the standard one-to-one matching model; with the set of pairwise stable networks and closed cycles in models of network formation; and with the set of pure strategy Nash equilibria in finite supermodular games, finite potential games, and aggregative games. We illustrate the versatility of our concept by characterizing the myopic stable set in a model of Bertrand competition with asymmetric costs, for which the literature so far has not been able to fully characterize the set of all (mixed) Nash equilibria. *** Suggested citation: Demuynck, T., P. J-J. Herings, R. D. Saulle, C. Seel, (2017), 'The Myopic Stable Set for Social Environments', Nota di Lavoro 26.2017, Milan, Italy: Fondazione Eni Enrico Mattei |
特色分类 | C70,C71 |
关键词 | Social Environments Group Formation Stability Nash Equilibrium |
URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-myopic-stable-set-for-social-environments/ |
来源智库 | Fondazione Eni Enrico Mattei (Italy) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118545 |
推荐引用方式 GB/T 7714 | Thomas Demuynck,P. Jean-Jacques Herings,Riccardo D. Saulle,et al. The Myopic Stable Set for Social Environments. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
2017671145101Nota_di(71KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
2017671145274NDL2017(1034KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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