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A limit result on bargaining sets

Author

Listed:
  • Javier Hervés-Estévez

    (Universidad de Vigo, RGEA)

  • Emma Moreno-García

    (Universidad de Salamanca, IME)

Abstract

We introduce a notion of bargaining set for finite economies and show its convergence to the set of Walrasian allocations.

Suggested Citation

  • Javier Hervés-Estévez & Emma Moreno-García, 2018. "A limit result on bargaining sets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(2), pages 327-341, August.
    • Handle: RePEc:spr:joecth:v:66:y:2018:i:2:d:10.1007_s00199-017-1063-y
    DOI: 10.1007/s00199-017-1063-y
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    References listed on IDEAS

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    1. Garcia-Cutrin, Javier & Herves-Beloso, Carlos, 1993. "A Discrete Approach to Continuum Economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(3), pages 577-583, July.
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    3. Dutta, Bhaskar & Ray, Debraj & Sengupta, Kunal & Vohra, Rajiv, 1989. "A consistent bargaining set," Journal of Economic Theory, Elsevier, vol. 49(1), pages 93-112, October.
    4. Robert M. Anderson & Walter Trockel & Lin Zhou, 1997. "Nonconvergence of the Mas-Colell and Zhou Bargaining Sets," Econometrica, Econometric Society, vol. 65(5), pages 1227-1240, September.
    5. Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
    6. Maschler, Michael, 1976. "An advantage of the bargaining set over the core," Journal of Economic Theory, Elsevier, vol. 13(2), pages 184-192, October.
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    8. Barnett,William A. & Cornet,Bernard & D'Aspremont,Claude & Gabszewicz,Jean & Mas-Colell,Andreu (ed.), 1991. "Equilibrium Theory and Applications," Cambridge Books, Cambridge University Press, number 9780521392198.
    9. Hildenbrand, W & Mertens, J F, 1972. "Upper Hemi-Continuity of the Equilibrium-Set Correspondence for Pure Exchange Economies," Econometrica, Econometric Society, vol. 40(1), pages 99-108, January.
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    11. Polterovich, Victor & Mityushin, Leonid, 1978. "Criteria for Monotonicity of Demand Functions," MPRA Paper 20097, University Library of Munich, Germany.
    12. Zhou Lin, 1994. "A New Bargaining Set of an N-Person Game and Endogenous Coalition Formation," Games and Economic Behavior, Elsevier, vol. 6(3), pages 512-526, May.
    13. Hildenbrand, Kurt, 1972. "Continuity of the equilibrium-set correspondence," Journal of Economic Theory, Elsevier, vol. 5(1), pages 152-162, August.
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    Citations

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    Cited by:

    1. Niccolò Urbinati, 2020. "Walrasian objection mechanism and Mas Colell's bargaining set in economies with many commodities," Working Papers 07, Department of Management, Università Ca' Foscari Venezia.
    2. Niccolò Urbinati, 2023. "The Walrasian objection mechanism and Mas-Colell’s bargaining set in economies with many commodities," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(1), pages 45-68, July.
    3. Bhowmik, Anuj & Saha, Sandipan, 2023. "Restricted bargaining sets in a club economy," MPRA Paper 119210, University Library of Munich, Germany.

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    More about this item

    Keywords

    Bargaining set; Coalitions; Core; Veto mechanism; Justified objections;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D00 - Microeconomics - - General - - - General

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