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Convergence of the Aumann-Davis-Maschler and Geanakoplos Bargaining Sets

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  • Robert M. Anderson

    (University of California at Berkeley)

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    Abstract

    Geanakoplos defined a notion of bargaining set, and proved that his bargaining set is approximately competitive in large finite transferable utility exchange economies with smooth preferences. Shapley and Shubik showed that the Aumann-Davis-Maschler bargaining set is approximately competitive in replica sequences of TU exchange economies with smooth preferences. We extend Geanakoplos' result to nontransferable utility exchange economies without smooth preferences, and we extend the Shapley and Shubik result to non-replica sequences of NTU exchange economies with smooth preferences.

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    Bibliographic Info

    Paper provided by EconWPA in its series Game Theory and Information with number 9403002.

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    Length: 37 pages
    Date of creation: 02 Mar 1994
    Date of revision:
    Handle: RePEc:wpa:wuwpga:9403002

    Note: 37 pages, postscript file, compressed
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    Web page: http://128.118.178.162

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    1. Wan-Jin Kim., 1986. "On the Rate of Convergence of the Core," Economics Working Papers 8617, University of California at Berkeley.
    2. Kim, Wan-Jin, 1986. "On the Rate of Convergence of the Core," Department of Economics, Working Paper Series qt62c3v2mg, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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