A noncooperative approach to the Mas-Colell bargaining set

Cheng-Cheng Hu

Journal of Mathematical Economics, 2010, vol. 46, issue 5, 884-892

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.

Keywords: Mas-Colell; bargaining; set; Nash; program; Subgame; perfect; equilibrium (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:5:p:884-892

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