Multilateral bargaining and Walrasian equilibrium

Antonio Penta ()

Journal of Mathematical Economics, 2011, vol. 47, issue 4-5, 417-424

Abstract: A class of bargaining games in which agents bargain over prices and maximum trading constraints is considered: It is proved that all the Stationary Subgame Perfect Equilibria of these games implement Walrasian allocations as the bargaining frictions vanish. The result holds for any number of agents and is robust to different specifications of the bargaining process.

Keywords: Bargaining games; Multilateral bargaining; Walrasian equilibrium (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:47:y:2011:i:4:p:417-424

DOI: 10.1016/j.jmateco.2011.03.002

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