Article ID: | iaor19942334 |
Country: | Germany |
Volume: | 23 |
Start Page Number: | 49 |
End Page Number: | 55 |
Publication Date: | Sep 1994 |
Journal: | International Journal of Game Theory |
Authors: | Schjdt U., Sloth B. |
The authors study two alternative definitions of the bargaining set in large (atomless) economies; the local bargaining by MasColell and the global bargaining set by Vind. They alter these definitions to limit the size of the permitted size of the involved coalitions. It turns out that the local bargaining set becomes very large, whereas the global bargaining set is unaltered.