A noncooperative approach to the Mas-Colell bargaining set
AbstractWe propose an extensive form game to give a noncooperative interpretation of the Mas-Colell bargaining set for transferable utility games. Based on the objection and counterobjection in the sense of the Mas-Colell bargaining set, a bilateral negotiation is designed in our model. We show that the equilibrium outcomes of our extensive form game coincide with the Mas-Colell bargaining set in the supperadditive environments.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Mathematical Economics.
Volume (Year): 46 (2010)
Issue (Month): 5 (September)
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Web page: http://www.elsevier.com/locate/jmateco
Mas-Colell bargaining set Nash program Subgame perfect equilibrium;
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- Roberto Serrano & Rajiv Vohra, 1999.
"Bargaining and Bargaining Sets,"
99-18, Brown University, Department of Economics.
- Ron Holzman, 2001. "The comparability of the classical and the Mas-Colell bargaining sets," International Journal of Game Theory, Springer, vol. 29(4), pages 543-553.
- Roberto Serrano & Rajiv Vohra, 2001.
"Implementing the Mas-Colell Bargaining Set,"
2001-24, Brown University, Department of Economics.
- Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
- Perez-Castrillo, David & Wettstein, David, 2000. "Implementation of Bargaining Sets via Simple Mechanisms," Games and Economic Behavior, Elsevier, vol. 31(1), pages 106-120, April.
- Ezra Einy & David Wettstein, 1999. "A non-cooperative interpretation of bargaining sets," Review of Economic Design, Springer, vol. 4(3), pages 219-230.
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