The Bargaining Set of a Large Economy with Differential Information
نویسنده
چکیده
----------------------------------------------------------We study the Mas-Collel bargaining set of an exchange economy with differential information and a continuum of traders. We established the equivalence of the private bargaining set and the set of Radner competitive equilibrium allocations. As for the weak fine bargaining set, we show that it contains the set of competitive equilibrium allocations of an associated symmetric information economy in which each trader has the "joint information» of all the traders in the original economy, but unlike the weak fine core and the set of fine value allocations, it may also contain allocations which are not competitive in the associated economy.
منابع مشابه
Measuring the efficiency of Iranian electricity distribution companies, a combined approach to bargaining game with DEA
Many models have been proposed for measuring performance of business agencies up to now. The goal of this research is providing a new approach for evaluation and measurement of efficiencies of national power distribution companies. This approach is provided as a combination of Data Envelopment Analysis (DEA) and Game Theory for evaluation of decision-making units by a large scale of actions. I...
متن کاملMeasuring the efficiency of Iranian electricity distribution companies, a combined approach to bargaining game with DEA
Many models have been proposed for measuring performance of business agencies up to now. The goal of this research is providing a new approach for evaluation and measurement of efficiencies of national power distribution companies. This approach is provided as a combination of Data Envelopment Analysis (DEA) and Game Theory for evaluation of decision-making units by a large scale of actions. I...
متن کاملThe Efficiency of Training and Hiring with Intrafirm Bargaining
In a matching and intra rm bargaining economy with constant return to scale production and matching technologies, large rms hire and train workers e¢ciently. The e¢ciency of the competitive economy relies on the ability of large rm to take into account the consequences of training on the wages bargained inside the rm. This intra rm bargaining process solves the hold-up problem that is associ...
متن کاملThe Position of the Education Sector in the Iranian Economy with Emphasis on the National Education Account-1396
Abstract. Human capital is a prerequisite for sustainable development; since education has the most human capital, paying attention to it will not only ensure individual security but also ensure the security of society. Therefore, understanding the education sector in a wide range of dimensions has been considered by researchers and policy makers. The National Education Account is a framework f...
متن کاملVehicle Routing Problem in Competitive Environment: Two-Person Nonzero Sum Game Approach
Vehicle routing problem is one of the most important issues in transportation. Among VRP problems, the competitive VRP is more important because there is a tough competition between distributors and retailers. In this study we introduced new method for VRP in competitive environment. In these methods Two-Person Nonzero Sum games are defined to choose equilibrium solution. Therefore, revenue giv...
متن کامل