Nonconvergence of the Mas-Colell and Zhou Bargaining Sets
AbstractIn an nontransferable utility (NTU) exchange economy with a continuum of agents, the Mas- Colell bargaining set coincides with the set of Walrasian equilibria. In this paper, we show that the Mas-Colell bargaining set, as well as a smaller bargaining set due to Zhou, may fail to converge to competitive outcomes in large finite NTU exchange economies.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Econometric Society in its journal Econometrica.
Volume (Year): 65 (1997)
Issue (Month): 5 (September)
Other versions of this item:
- Anderson, Robert M. & Trockel, Walter & Zhou, Lin, 1994. "Nonconvergence of the Mas-Colell and Zhou Bargaining Sets," Department of Economics, Working Paper Series qt0fc8c73x, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Robert M. Anderson & Walter Tockel & Lin Zhou, 1994. "Nonconvergence of the Mas-Colell and Zhou Bargaining Sets," Game Theory and Information 9403001, EconWPA.
- Robert M. Anderson and Walter Trockel and Lin Zhou., 1994. "Nonconvergence of the Mas-Colell and Zhou Bargaining Sets," Economics Working Papers 94-224, University of California at Berkeley.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Roberto Serrano & Rajiv Vohra & Oscar Volij, 2000.
"On the Failure of Core Convergence in Economies with Asymmetric Information,"
Econometric Society World Congress 2000 Contributed Papers
0141, Econometric Society.
- Roberto Serrano & Rajiv Vohra & Oscar Volij, 2001. "On the Failure of Core Convergence in Economies with Asymmetric Information," Econometrica, Econometric Society, vol. 69(6), pages 1685-1696, November.
- Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999. "On the Failure of Core Convergence in Economies with Asymmetric Information," Economic theory and game theory 011, Oscar Volij.
- Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999. "On the Failure of Core Convergence in Economies with Asymmetric Information," Working Papers 99-22, Brown University, Department of Economics.
- Chiaki Hara, 2004.
"Bargaining Set and Anonymous Core without the Monotonicity Assumption,"
KIER Working Papers
599, Kyoto University, Institute of Economic Research.
- Hara, Chiaki, 2005. "Bargaining set and anonymous core without the monotonicity assumption," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 545-556, August.
- Sun, N. & Trockel, W. & Yang, Z.F., 2004.
"Competitive Outcomes and Endogenous Coalition Formation in an n-Person Game,"
2004-93, Tilburg University, Center for Economic Research.
- Sun, Ning & Trockel, Walter & Yang, Zaifu, 2008. "Competitive outcomes and endogenous coalition formation in an n-person game," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 853-860, July.
- Sun,N. & Trockel,W. & Yang,Z., 2004. "Competitive outcomes and endogenous coalition formation in an n-person game," Working Papers 358, Bielefeld University, Center for Mathematical Economics.
- Kovalenkov, Alexander, 2002. "Simple Strategy-Proof Approximately Walrasian Mechanisms," Journal of Economic Theory, Elsevier, vol. 103(2), pages 475-487, April.
- Hara, Chiaki, 2002. "The anonymous core of an exchange economy," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 91-116, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.