Bargaining, coalitions and competition
AbstractWe study a Gale-like matching model in a large exchange economy, in which trade takes place through non-cooperative bargaining in coalitions of finite size. Under essentially the same conditions of core equivalence, we show that the strategic equilibrium outcomes of our model coincide with the Walrasian allocations of the economy. Our method of proof makes use of the theory of the core. With respect to previous work, our positive implementation result applies to a substantially larger class of economies: the model relaxes differentiability and convexity of preferences, and also admits an arbitrary number of divisible and indivisible goods. Copyright Springer-Verlag Berlin Heidelberg 2000
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 15 (2000)
Issue (Month): 2 (03)
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Web page: http://link.springer.de/link/service/journals/00199/index.htm
Other versions of this item:
- Nir Dagan & Roberto Serrano & Oscar Volij, 1996. "Bargaining, coalitions and competition," Economics Working Papers 178, Department of Economics and Business, Universitat Pompeu Fabra.
- Volij, Oscar & Serrano, Roberto, 2000. "Bargaining, Coalitions and Competition," Staff General Research Papers 5107, Iowa State University, Department of Economics.
- Nir Dagan & Roberto Serrano & Oscar Volij, 1996. "Bargaining, Coalitions, and Competition," Economic theory and game theory 003, Oscar Volij, revised Jul 1998.
- Nir Dagan & Roberto Serrano & Oscar Volij, 1996. "Bargaining, Coalitions, and Competition," Economic theory and game theory 014, Nir Dagan, revised May 1999.
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gale, Douglas M, 1986. "Bargaining and Competition Part I: Characterization," Econometrica, Econometric Society, vol. 54(4), pages 785-806, July.
- Kannai, Yakar, 1970. "Continuity Properties of the Core of a Market," Econometrica, Econometric Society, vol. 38(6), pages 791-815, November.
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- Nir Dagan, 1994.
"Recontracting and competition,"
Economics Working Papers
152, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 1996.
- Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
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"A Noncooperative View of Coalition Formation and the Core,"
Econometric Society, vol. 62(4), pages 795-817, July.
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- Ariel Rubinstein, 2010.
"Perfect Equilibrium in a Bargaining Model,"
Levine's Working Paper Archive
661465000000000387, David K. Levine.
- Gale, Douglas M, 1986. "Bargaining and Competition Part II: Existence," Econometrica, Econometric Society, vol. 54(4), pages 807-18, July.
- Roberto Serrano & Rajiv Vohra, 1997. "Non-cooperative implementation of the core," Social Choice and Welfare, Springer, vol. 14(4), pages 513-525.
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"On equilibrium allocations as distributions on the commodity space,"
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Elsevier, vol. 1(2), pages 159-166, August.
- HART, Sergiu & HILDENBRAND, Werner & KOHLBERG, Elon, . "On equilibrium allocations as distributions on the commodity space," CORE Discussion Papers RP -183, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Rubinstein, Ariel & Wolinsky, Asher, 1985.
"Equilibrium in a Market with Sequential Bargaining,"
Econometric Society, vol. 53(5), pages 1133-50, September.
- Arial Rubinstein & Asher Wolinsky, 1985. "Equilibrium in a Market with Sequential Bargaining," Levine's Working Paper Archive 623, David K. Levine.
- Serrano Roberto, 1995. "A Market to Implement the Core," Journal of Economic Theory, Elsevier, vol. 67(1), pages 285-294, October.
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