Munich Personal RePEc Archive

On bargaining sets for finite economies

Hervés-Estévez, Javier and Moreno-García, Emma (2014): On bargaining sets for finite economies.

[img]
Preview
PDF
MPRA_paper_62303.pdf

Download (430kB) | Preview

Abstract

We define a bargaining set for finite economies using Aubin’s veto mechanism and show its coincidence with the set of Walrasian allocations. Then, we rewrite our notion in terms of replicated economies showing that, in contrast with Anderson, Trockel and Zhou’s (1997) non-convergence result, this Edgeworth bargaining set shrinks to the set of Walrasian allocations.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.