Penta, Antonio (2007): Collective Bargaining and Walrasian Equilibrium.

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Abstract
This paper contributes to the research agenda on noncooperative foundations ofWalrasian Equilibrium. A class of barganing games in which agents bargain over prices and maximum trading con straints is considered: It is proved that all the Stationary Sub game Perfect Equilibria of these games implement Walrasian al locations as the bargaining frictions vanish. The main novelty of the result is twofold: (1) it holds for any number of agents; (2) it is robust to di¤erent speci�cations of the bargaining process.
Item Type:  MPRA Paper 

Original Title:  Collective Bargaining and Walrasian Equilibrium 
Language:  English 
Keywords:  strategic bargaining; Walrasian Equilibrium 
Subjects:  C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C78  Bargaining Theory ; Matching Theory D  Microeconomics > D5  General Equilibrium and Disequilibrium > D51  Exchange and Production Economies C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C72  Noncooperative Games 
Item ID:  10260 
Depositing User:  Antonio Penta 
Date Deposited:  02. Sep 2008 12:18 
Last Modified:  01. May 2015 17:29 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/10260 