Nonconvergence of the Mas-Colell and Zhou Bargaining Sets
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。
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.