Implementing the Mas - Colell Bargaining Set
نویسندگان
چکیده
We provide a mechanism that approximately implements the Mas-Colell bargaining set in subgame perfect equilibrium. The mechanism is based on the definition of the Mas-Colell bargaining set, and respects feasibility in and out of equilibrium. Resumen. Este trabajo propone un mecanismo que implementa aproximadamente el conjunto de negociación de Mas-Colell en equilibrio perfecto en subjuegos. El mecanismo está basado en la definición del conjunto de negociación de Mas-Colell, y respeta la factibilidad dentro y fuera del equilibrio. Journal of Economic Literature Classification Numbers: C71, C72, C78, D51.
منابع مشابه
On the Non-Emptiness of the Mas-Colell Bargaining Set
We introduce an extension of the Mas-Colell bargaining set and construct, by an elaboration on a voting paradox, a superadditive four-person nontransferable utility game whose extended bargaining set is empty. It is shown that this extension constitutes an upper hemicontinuous correspondence. We conclude that the Mas-Colell bargaining set of a non-levelled superadditive NTU game may be empty.
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