Abstract:
|
In this paper we prove that the Mas-Colell bargaining set coincides with the
core for three-player balanced and superadditive cooperative games. This
is no longer true without the superadditivity condition or for games with
more than three-players. Furthermore, under the same assumptions, the
coincidence between the Mas-Collel and the individual rational bargaining
set (Vohra (1991)) is revealed.
Keywords: Cooperative game, Mas-Colell bargaining set, balancedness,
individual rational bargaining set. JEL classi fication: C71, D63, D71. |