Abstract
We introduce the notion of stable sets with externalities and prove its existence. Stable sets provide a successful alternative to core notions of externalities (i.e., α-core, β-core and strong Nash equilibrium), which are typically empty. However, the stable sets do exist in situations where the above core notions are empty.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have