COALITIONAL STABILITY AND RATIONALITY IN COOPERATIVE GAMES

We propose a new solution concept which characterizes stable agreement s in cooperative games. Although it is a refinement of an earlier solu tion concept introduced by McKelvey, Ordeshook and Winer [6], there ar e some similitudes with other solutions of cooperative games. The new concept may be defined both for transferable and non-transferable util ity games and it is shown that it exists for very large classes of gam es.