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 makes use of the theory of the core. With respect to previous work, our model relaxes differentiability and convexity of preferences, and also admits indivisible goods.
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Bibliographic InfoPaper provided by Oscar Volij in its series Economic theory and game theory with number 003.
Length: 22 pages
Date of creation: Jun 1996
Date of revision: Jul 1998
Publication status: Published in Economic Theory 15:279-296 (2000)
Contact details of provider:
Postal: Oscar Volij, Department of Economics, Ben-Gurion University, Beer-Sheva 84105, Israel
Web page: http://volij.co.il/
Other versions of this item:
- 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," 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.
- 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.:
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9203, University of Western Ontario, Department of Economics.
- Perry, Motty & Reny, Philip J, 1994. "A Noncooperative View of Coalition Formation and the Core," Econometrica, Econometric Society, vol. 62(4), pages 795-817, July.
- Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics.
- Serrano Roberto, 1995. "A Market to Implement the Core," Journal of Economic Theory, Elsevier, vol. 67(1), pages 285-294, October.
- 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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