Equivariant algebraic cobordism and double point relations

For a reductive connected group or a finite group over a field of characteristic zero, we define an equivariant algebraic cobordism theory by a generalized version of the double point relation of Levine-Pandharipande. We prove basic properties and the well-definedness of a canonical fixed point map. We also find explicit generators of the algebraic cobordism ring of the point when the group is finite abelian.