Citation:
Sudholter, B. P., & Peter, . (2004). On the Non-Emptiness of the Mas-Colell Bargaining Set. Discussion Papers. presented at the 5, Journal of Mathematical Economics 41 (2005), 1060-1068. Retrieved from /files/dp360.pdf
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.