Dynamic stable set

Hannu Vartiainen ()

No 33, Discussion Papers from Aboa Centre for Economics

Abstract: We study a dynamic vNM stable set in a compact metric space under the assumption of complete and continuous dominance relation. Internal and external stability are defined with respect to farsighted dominance. Stability of an outcome is conditioned on the history via which it is reached. A dynamic stable set always exists. Any covering set by Dutta (1988) coincides with the set of outcomes that are implementable via a dynamic stable set. The maximal implementable outcome set is a version of the ultimate uncovered set.

Keywords: vNM stable set; dynamic; history (search for similar items in EconPapers)
JEL-codes: C71 C72 (search for similar items in EconPapers)
Pages: 20
Date: 2008-06
New Economics Papers: this item is included in nep-gth
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Citations: View citations in EconPapers (1)

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