article
Trading bargaining weights
Claus-Jochen
Haake
author 20801
Ulrike
Ervig
author
205
department
475
department
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 aWalrasian 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.
https://ris.uni-paderborn.de/download/2499/5137/Trading bargaining weights.pdf
application/pdf
2005
eng
Journal of Mathematical Economics
418983-993
@article{Haake_Ervig_2005, title={Trading bargaining weights}, volume={41}, number={8}, journal={Journal of Mathematical Economics}, author={Haake, Claus-Jochen and Ervig, Ulrike}, year={2005}, pages={983–993} }
C.-J. Haake, U. Ervig, Journal of Mathematical Economics 41 (2005) 983–993.
Haake C-J, Ervig U. Trading bargaining weights. <i>Journal of Mathematical Economics</i>. 2005;41(8):983-993.
C.-J. Haake and U. Ervig, “Trading bargaining weights,” <i>Journal of Mathematical Economics</i>, vol. 41, no. 8, pp. 983–993, 2005.
Haake, Claus-Jochen, and Ulrike Ervig. “Trading Bargaining Weights.” <i>Journal of Mathematical Economics</i>, vol. 41, no. 8, 2005, pp. 983–93.
Haake, C.-J., & Ervig, U. (2005). Trading bargaining weights. <i>Journal of Mathematical Economics</i>, <i>41</i>(8), 983–993.
Haake, Claus-Jochen, and Ulrike Ervig. “Trading Bargaining Weights.” <i>Journal of Mathematical Economics</i> 41, no. 8 (2005): 983–93.
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