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A noncooperative approach to the Mas-Colell bargaining set

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  • Hu, Cheng-Cheng

Abstract

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.

Suggested Citation

  • Hu, Cheng-Cheng, 2010. "A noncooperative approach to the Mas-Colell bargaining set," Journal of Mathematical Economics, Elsevier, vol. 46(5), pages 884-892, September.
    • Handle: RePEc:eee:mateco:v:46:y:2010:i:5:p:884-892
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    References listed on IDEAS

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    1. Roberto Serrano & Rajiv Vohra, 2002. "Implementing the Mas-Colell bargaining set," Investigaciones Economicas, Fundación SEPI, vol. 26(2), pages 285-298, May.
    2. 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.
    3. Serrano, Roberto & Vohra, Rajiv, 2002. "Bargaining and Bargaining Sets," Games and Economic Behavior, Elsevier, vol. 39(2), pages 292-308, May.
    4. Mas-Colell, Andreu, 1989. "An equivalence theorem for a bargaining set," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 129-139, April.
    5. Ezra Einy & David Wettstein, 1999. "A non-cooperative interpretation of bargaining sets," Review of Economic Design, Springer;Society for Economic Design, vol. 4(3), pages 219-230.
    6. Ron Holzman, 2001. "The comparability of the classical and the Mas-Colell bargaining sets," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(4), pages 543-553.
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