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Generalized coalitions and bargaining sets

Author

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  • Graziano, Maria Gabriella
  • Pesce, Marialaura
  • Urbinati, Niccolò

Abstract

We introduce new notions of bargaining set for mixed economies which rest on the idea of generalized coalitions (Aubin, 1979) to define objections and counter-objections. We show that the bargaining set defined through generalized coalitions coincides with competitive allocations under assumptions which are weak and natural in the mixed market literature. As a further result, we identify some additional properties that a generalized coalition must satisfy to object an allocation.

Suggested Citation

  • Graziano, Maria Gabriella & Pesce, Marialaura & Urbinati, Niccolò, 2020. "Generalized coalitions and bargaining sets," Journal of Mathematical Economics, Elsevier, vol. 91(C), pages 80-89.
  • Handle: RePEc:eee:mateco:v:91:y:2020:i:c:p:80-89
    DOI: 10.1016/j.jmateco.2020.08.008
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    Cited by:

    1. Chiara Donnini & Marialaura Pesce, 2021. "Fairness and fuzzy coalitions," International Journal of Game Theory, Springer;Game Theory Society, vol. 50(4), pages 1033-1052, December.

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    More about this item

    Keywords

    Coalitions; Generalized coalitions; Core; Bargaining set;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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