A noncooperative approach to the Mas-Colell bargaining set
We propose an extensive form game to give a noncooperative interpretation of the Mas-Colell bargaining set for transferable utility games. Based on the objection and counterobjection in the sense of the Mas-Colell bargaining set, a bilateral negotiation is designed in our model. We show that the equilibrium outcomes of our extensive form game coincide with the Mas-Colell bargaining set in the supperadditive environments.
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- Ezra Einy & David Wettstein, 1999. "A non-cooperative interpretation of bargaining sets," Review of Economic Design, Springer, vol. 4(3), pages 219-230.
- Serrano, Roberto & Vohra, Rajiv, 2002.
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- Roberto Serrano & Rajiv Vohra, 2001.
"Implementing the Mas-Colell Bargaining Set,"
2001-24, Brown University, Department of Economics.
- Ron Holzman, 2001. "The comparability of the classical and the Mas-Colell bargaining sets," International Journal of Game Theory, Springer, vol. 29(4), pages 543-553.
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- Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
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