Showing 1 - 10 of 18
The paper provides two alternative completions of the Pareto ordering on finite dimensional compact sets. Applied to bargaining games they lead to the Pareto efficient boundary and to the Nash solution, respectively, as sets of maximal elements. In particular, the second of these complete...
Persistent link: https://www.econbiz.de/10009452470
Core equivalence and shrinking of the core results are well known for economies.The present paper establishes counterparts for bargaining economies, a specific class of production economies (finite and infinite) representing standard two-person bargaining games and their continuum counterparts...
Persistent link: https://www.econbiz.de/10009452471
In this paper we study competitve outcomes and endogenous coalition formation in a cooperative n-person transferable utility (TU) game from the viewpoint of general equilibrium theory. For any given game, we construct a competitive exchange coalition production economy corresponding to the game....
Persistent link: https://www.econbiz.de/10009452472
Persistent link: https://www.econbiz.de/10009452503
Persistent link: https://www.econbiz.de/10009452504
In this paper a survey is presented of works on market demand. Conditions are examined under which such demand is a continuous function of prices and conditions which ensure its continuous differentiability.
Persistent link: https://www.econbiz.de/10009452505
Im Mittelpunkt der auf WALRAS (1874) zurückgehenden allgemeinen Gleichgewichtstheorie steht der Begriff des Wettbewerbsgleichgewichts. Diesem nicht kooperativen Gleichgewichtsbegriff lässt sich ein anderer, kooperativer gegenüberstellen, der auf EDGEWORTH (1881) zurückgeht, der des Kerns...
Persistent link: https://www.econbiz.de/10009452506
Persistent link: https://www.econbiz.de/10009452507
Persistent link: https://www.econbiz.de/10009452508
Persistent link: https://www.econbiz.de/10009452509