Bargaining, Coalitions, and Competition

Nir Dagan (), Roberto Serrano () and Oscar Volij
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Oscar Volij: Department of Economics, Brown University, and Department of Economics, Hebrew University of Jerusalem., http://volij.co.il/

Economic theory and game theory from Oscar Volij

Abstract: 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.

Keywords: Finite coalitions; strategic bargaining; core; Walrasian equilibrium (search for similar items in EconPapers)
JEL-codes: D51 D41 C78 (search for similar items in EconPapers)
Date: 1996-06, Revised 1998-07

Published in Economic Theory 15:279-296 (2000)

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Related works:
Working Paper: Bargaining, Coalitions and Competition (2002)
Working Paper: Bargaining, Coalitions, and Competition (1999)
Working Paper: Bargaining, Coalitions and Competition (1996)
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