Citation:
Sudholter, Bezalel Peleg, and Peter. “On The Non-Emptiness Of The Mas-Colell Bargaining Set”. Discussion Papers 2004. Web.
Abstract:
We introduce an extension of the Mas-Colell bargaining set and construct, by an elabo- ration on a voting paradox, a superadditive four-person nontransferable utility game whose extended bargaining set is empty. It is shown that this extension constitutes an upper hemi- continuous correspondence. We conclude that the Mas-Colell bargaining set of a non-levelled superadditive NTU game may be empty.