Trading bargaining weights

Ervig U, Haake C-J (2005)
JOURNAL OF MATHEMATICAL ECONOMICS 41(8): 983-993.

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Zeitschriftenaufsatz | Veröffentlicht | Englisch
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Abstract / Bemerkung
We consider a model, in which two agents are engaged in two separate bargaining problems. We introduce a notion of bargaining weights (bargaining power), which is basically given by asymmetric versions of the Perles-Maschler bargaining solution. Thereby, we view bargaining power as ordinary goods that can be traded in an exchange economy. With equal initial endowment of bargaining power there exists a Walrasian equilibrium in this exchange economy such that the utility allocation in equilibrium coincides with the Perles-Maschler bargaining solution of the aggregate bargaining problem. Equilibrium prices are given by the primitives of the two bargaining problems. (c) 2005 Elsevier B.V. All rights reserved.
Erscheinungsjahr
Zeitschriftentitel
JOURNAL OF MATHEMATICAL ECONOMICS
Band
41
Zeitschriftennummer
8
Seite
983-993
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PUB-ID

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Ervig U, Haake C-J. Trading bargaining weights. JOURNAL OF MATHEMATICAL ECONOMICS. 2005;41(8):983-993.
Ervig, U., & Haake, C. - J. (2005). Trading bargaining weights. JOURNAL OF MATHEMATICAL ECONOMICS, 41(8), 983-993. doi:10.1016/j.jmateco.2004.10.003
Ervig, U., and Haake, C. - J. (2005). Trading bargaining weights. JOURNAL OF MATHEMATICAL ECONOMICS 41, 983-993.
Ervig, U., & Haake, C.-J., 2005. Trading bargaining weights. JOURNAL OF MATHEMATICAL ECONOMICS, 41(8), p 983-993.
U. Ervig and C.-J. Haake, “Trading bargaining weights”, JOURNAL OF MATHEMATICAL ECONOMICS, vol. 41, 2005, pp. 983-993.
Ervig, U., Haake, C.-J.: Trading bargaining weights. JOURNAL OF MATHEMATICAL ECONOMICS. 41, 983-993 (2005).
Ervig, U, and Haake, Claus-Jochen. “Trading bargaining weights”. JOURNAL OF MATHEMATICAL ECONOMICS 41.8 (2005): 983-993.