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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- Perez-Castrillo, David & Wettstein, David, 2000. "Implementation of Bargaining Sets via Simple Mechanisms," Games and Economic Behavior, Elsevier, vol. 31(1), pages 106-120, April.
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99-18, Brown University, Department of Economics.
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- 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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