Implementation of bargaining sets via simple mechanisms

Citation
D. Perez-castrillo et D. Wettstein, Implementation of bargaining sets via simple mechanisms, GAME ECON B, 31(1), 2000, pp. 106-120
Citations number
20
Categorie Soggetti
Economics
Journal title
GAMES AND ECONOMIC BEHAVIOR
ISSN journal
08998256 → ACNP
Volume
31
Issue
1
Year of publication
2000
Pages
106 - 120
Database
ISI
SICI code
0899-8256(200004)31:1<106:IOBSVS>2.0.ZU;2-X
Abstract
We propose two simple mechanisms that implement two bargaining sets in supe r-additive environments. The first bargaining set is a close variation of t he one proposed by L. Zhou (1994, Games Econom. Behav. 6, 512-526), and the second is the Pareto optimum payoffs of the A. Mas-Colell (1989, J. Math. Econom. 18, 129-139) bargaining set. We adopt a simple framework in which t he cooperative outcomes are realized as non-cooperative subgame perfect equ ilibria in pure strategies of a two-stage game played by an auxiliary set o f individuals competing over the cooperative agents. Journal of Economic Li terature Classification Numbers: C71, C72. (C) 2000 Academic Press.