Bargaining, Coalitions and Competition
AbstractWe study a decentralized 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 exploits equivalence results between the core and Walrasian equilibria. Our model relaxes differentiability and convexity of preferences thereby covering the case of indivisible goods.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 5107.
Date of creation: 01 Jan 2000
Date of revision:
Publication status: Published in Economic Theory 2000, vol. 15, pp. 279-296
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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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.
- Nir Dagan & Roberto Serrano & Oscar Volij, 1996. "Bargaining, Coalitions, and Competition," Economic theory and game theory 014, Nir Dagan, revised May 1999.
- Nir Dagan & Roberto Serrano & Oscar Volij, 1996. "Bargaining, Coalitions, and Competition," Economic theory and game theory 003, Oscar Volij, revised Jul 1998.
- 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
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- Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
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152, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 1996.
- Hammond, Peter J. & Kaneko, Mamoru & Wooders, Myrna Holtz, 1989. "Continuum economies with finite coalitions: Core, equilibria, and widespread externalities," Journal of Economic Theory, Elsevier, vol. 49(1), pages 113-134, October.
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- 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).
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