Bargaining sets in finite economies

B-Tier
Journal: Journal of Mathematical Economics
Year: 2018
Volume: 74
Issue: C
Pages: 93-98

Authors (3)

Hervés-Beloso, Carlos (not in RePEc) Hervés-Estévez, Javier (not in RePEc) Moreno-García, Emma (Universidad de Salamanca)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We provide a notion of bargaining set for a finite production economy based on a two-step veto mechanism à la Aubin (1979). We show that this bargaining set and the set of Walrasian allocations coincide. At the light of our result we refine Mas-Colell’s bargaining set for replicas of a finite economy. Our main result shows the persistence of Anderson et al.’s (1997) non-convergence of the bargaining sets to the set of Walrasian allocations. In addition, we analyze how the restriction on the formation of coalitions affects the bargaining set.

Technical Details

RePEc Handle
repec:eee:mateco:v:74:y:2018:i:c:p:93-98
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25