Mas-Colell与Zhou讨价还价集的不收敛性

Nonconvergence of the Mas-Colell and Zhou Bargaining Sets

Econometrica · 1997
被引 26
人大 A+FT50ABS 4*

中文导读

证明,在不可转移效用的大规模有限交换经济中,Mas-Colell讨价还价集和Zhou讨价还价集可能不收敛于竞争均衡结果。

Abstract

In a nontransferable utility exchange economy with a continuum of agents, the Mas-Collel bargaining set coincides with the set of Walrasian equilibria. In this paper, we show that the Mas-Colell bargaining set, as well as a smaller bargaining set due to Zhou, may fail to converge to competitive outcomes in large finite NTU exchange economies.

非转移效用交换经济有限经济收敛