The Library
Bargaining skills in an Edgeworthian economy
Tools
Ferreira, M., Finkenstädt, Bärbel, Oliveira, B. M. P. M., Pinto, Alberto A. and Yannacopoulos, A. N. (2011) Bargaining skills in an Edgeworthian economy. In: Peixoto, Mauricio Matos and Pinto, Alberto A. and Rand, David A., (eds.) Dynamics, Games and Science I : DYNA 2008, in Honor of Maurício Peixoto and David Rand, University of Minho, Braga, Portugal, September 8-12, 2008. Springer Proceedings in Mathematics, Volume 1 (Number 2011). Springer, pp. 339-352. ISBN 9783642114557
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1007/978-3-642-11456-4_21
Abstract
We present a model of an Edgeworthian exchange economy where two goods are traded in a market place. For a specific class of random matching Edgeworthian economies, the expectation of the limiting equilibrium price coincides with that of related Walrasian economies. The novelty of our model is that we associate a bargaining skill factor to each participant which brings up a game alike the prisoner’s dilemma into the usual Edgeworth exchange economy. We analyze the effect of the bargaining skill factors in the variations of the individual amount of goods and in the increase of the value of their utilities. Finally, we let the bargaining skills of the participants evolve along the trades and we study their variation.
Item Type: | Book Item | ||||
---|---|---|---|---|---|
Divisions: | Faculty of Science, Engineering and Medicine > Science > Statistics | ||||
Series Name: | Springer Proceedings in Mathematics | ||||
Journal or Publication Title: | Springer Proceedings in Mathematics | ||||
Publisher: | Springer | ||||
ISBN: | 9783642114557 | ||||
ISSN: | 2190-5614 | ||||
Book Title: | Dynamics, Games and Science I : DYNA 2008, in Honor of Maurício Peixoto and David Rand, University of Minho, Braga, Portugal, September 8-12, 2008 | ||||
Editor: | Peixoto, Mauricio Matos and Pinto, Alberto A. and Rand, David A. | ||||
Official Date: | 20 January 2011 | ||||
Dates: |
|
||||
Volume: | Volume 1 | ||||
Number: | Number 2011 | ||||
Page Range: | pp. 339-352 | ||||
DOI: | 10.1007/978-3-642-11456-4_21 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access | ||||
Description: |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |