English, Article, Journal or magazine article edition: Bargaining, Coalitions and Competition Nir Dagan; Roberto Serrano; Oscar Volij

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Bookmark: http://trove.nla.gov.au/version/154503
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Bargaining, Coalitions, and Competition
Author
  • Nir Dagan
  • Roberto Serrano
  • Oscar Volij
Physical Description
  • preprint
Notes
  • We 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 exploits equivalence results between the core and Walrasian equilibria. Our model relaxes differentiability and convexity of preferences thereby covering the case of indivisible goods.
  • RePEc:upf:upfgen:178
  • We 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.
  • Finite coalitions; strategic bargaining; core; Walrasian equilibrium
  • RePEc:nid:ovolij:003
  • We study a Gale-like 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 positive implementation result applies to a substantially larger class of economies: the model relaxes differentiability and convexity of preferences, and also admits an arbitrary number of divisible and indivisible goods.
  • Finite coalitions and Edgworthian theory of exchange; marginal artes of substitution and Jevonsian theory of exchange; matching and bargaining; core; Walrasian equilibrium
  • RePEc:nid:ndagan:014
Language
  • English
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