An existence result for farsighted stable sets of games in characteristic function form |
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| Authors: | Anindya Bhattacharya Victoria Brosi |
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| Affiliation: | (1) Department of Economics, Gakushuin University, Tokyo, Japan;(2) Graduate School of Decision Science and Technology, Tokyo, Institute of Technology, Tokyo, Japan; |
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| 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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