Bargaining and Competition Revisited

Roberto Serrano
Brown University

Takashi Kunimoto
Brown University – Department of Economics

May 2002

Brown University, Economics Working Paper No. 2002-14

Abstract:

We show the robustness of the Walrasian result obtained in models of bargaining in pairwise meetings. Restricting trade to take place only in pairs, most of the assumptions made in the literature are dispensed with. These include assumptions on preferences (differentiability, monotonicity, strict concavity, bounded curvature), on the set of agents (dispersed characteristics) or on the consumption set (allowing only divisible goods).

Bargaining and Competition Revisited

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