Comment on Mclennan and Sonnenschein "Sequential Bargaining as a Noncooperative Foundation for Walrasian Equilibrium"

Comment on Mclennan and Sonnenschein "Sequential Bargaining as a Noncooperative Foundation for Walrasian Equilibrium"

Two important articles in the literature on decentralized strategic markets are Gale (1986) and McLennan and Sonnenschein (1991). McLennan and Sonnenschein (1991) claim to have generalized Gale (1986) in several respects. In doing so, they introduce mainly two modifications: 1. unbounded short sales...

Full description

Saved in:
Bibliographic Details
Published in:Econometrica Vol. 66; no. 5; pp. 1231 - 1233
Main Authors: Dagan, Nir, Serrano, Roberto, Volij, Oscar
Format: Journal Article
Language:English
Published: Menasha, Wis Econometric Society 01-09-1998
George Banta Pub. Co. for the Econometric Society
Blackwell Publishing Ltd
Subjects:
Bargaining
Econometrics
Economic agents
Economic models
Economic theory
Equilibrium
Expected utility
Feasibility
Health care economics
Market economies
Notes and Comments
Short sales
Trade
Transponders
Utility functions
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Abstract Two important articles in the literature on decentralized strategic markets are Gale (1986) and McLennan and Sonnenschein (1991). McLennan and Sonnenschein (1991) claim to have generalized Gale (1986) in several respects. In doing so, they introduce mainly two modifications: 1. unbounded short sales are allowed, and 2. agents do not observe their trading partner's characteristics.
AbstractList Two important articles in the literature on decentralized strategic markets are Gale (1986) and McLennan and Sonnenschein (1991). McLennan and Sonnenschein (1991) claim to have generalized Gale (1986) in several respects. In doing so, they introduce mainly two modifications: 1. unbounded short sales are allowed, and 2. agents do not observe their trading partner's characteristics.
Author Volij, Oscar
Serrano, Roberto
Dagan, Nir
Author_xml – sequence: 1
  givenname: Nir
  surname: Dagan
  fullname: Dagan, Nir
– sequence: 2
  givenname: Roberto
  surname: Serrano
  fullname: Serrano, Roberto
– sequence: 3
  givenname: Oscar
  surname: Volij
  fullname: Volij, Oscar
BookMark eNp10E1LAzEQBuAgCtYq_oVQBU-r-dhsdo9aWhWqHqp4XKbZbE3ZTmqyK_jvjdSrMDBzeHiHmRNyiB4tIeecXQvJ9I2oqqqQxQEZ8bwoMyYKcUhGjHGRVUUpjslJjBvGmEo1IsPUb7cWe-qRPpnOIgJSwIYuPaLFaD6sQzpZ2s8hKQcdvYOwBocO1xQiBfrs0Xi_swF692Xp3A_YpDHltT7Qd-gCRJdCZ5-D69wquGE7OSVHLXTRnv31MXmbz16nD9ni5f5xervIjJR5n3GRt41odGFA59Jqa6FoDaRbVKO10VpBYbhUFfCWWzAGGiVWldKi1KIpQY7JZJ-7Cz4dEPt644eAaWUtmCy1YkomdPEf4krlLBeVrpK62isTfIzBtvUuuC2E75qz-vfx9d_jk7zcy03sffiX_QBgxYJx
CODEN ECMTA7
CitedBy_id crossref_primary_10_1006_jeth_2000_2680
crossref_primary_10_1007_s10058_015_0182_9
crossref_primary_10_2139_ssrn_310582
crossref_primary_10_1016_S0304_4068_02_00069_1
crossref_primary_10_1016_S0022_0531_03_00131_5
ContentType Journal Article
Copyright Copyright 1998 Econometric Society
Copyright Econometric Society Sep 1998
Copyright_xml – notice: Copyright 1998 Econometric Society
– notice: Copyright Econometric Society Sep 1998
DBID AAYXX
CITATION
FIXVA
FKUCP
JILTI
K30
PAAUG
PAWHS
PAWZZ
PAXOH
PBHAV
PBQSW
PBYQZ
PCIWU
PCMID
PCZJX
PDGRG
PDWWI
PETMR
PFVGT
PGXDX
PIHIL
PISVA
PJCTQ
PJTMS
PLCHJ
PMHAD
PNQDJ
POUND
PPLAD
PQAPC
PQCAN
PQCMW
PQEME
PQHKH
PQMID
PQNCT
PQNET
PQSCT
PQSET
PSVJG
PVMQY
PZGFC
0-V
0U~
1-H
3V.
7WY
7WZ
7XB
87Z
88J
8BJ
8FI
8FK
8FL
8G5
ABUWG
AFKRA
ALSLI
AZQEC
BENPR
BEZIV
CCPQU
DWQXO
FQK
FRNLG
FYUFA
F~G
GNUQQ
GUQSH
JBE
K60
K6~
L.-
L.0
M0C
M0T
M2O
M2R
MBDVC
PADUT
PQBIZ
PQBZA
PQEST
PQQKQ
PQUKI
PRINS
PYYUZ
Q9U
S0X
DOI 10.2307/2999636
DatabaseName CrossRef
Periodicals Index Online Segment 03
Periodicals Index Online Segment 04
Periodicals Index Online Segment 32
Periodicals Index Online
Primary Sources Access—Foundation Edition (Plan E) - West
Primary Sources Access (Plan D) - International
Primary Sources Access & Build (Plan A) - MEA
Primary Sources Access—Foundation Edition (Plan E) - Midwest
Primary Sources Access—Foundation Edition (Plan E) - Northeast
Primary Sources Access (Plan D) - Southeast
Primary Sources Access (Plan D) - North Central
Primary Sources Access—Foundation Edition (Plan E) - Southeast
Primary Sources Access (Plan D) - South Central
Primary Sources Access & Build (Plan A) - UK / I
Primary Sources Access (Plan D) - Canada
Primary Sources Access (Plan D) - EMEALA
Primary Sources Access—Foundation Edition (Plan E) - North Central
Primary Sources Access—Foundation Edition (Plan E) - South Central
Primary Sources Access & Build (Plan A) - International
Primary Sources Access—Foundation Edition (Plan E) - International
Primary Sources Access (Plan D) - West
Periodicals Index Online Segments 1-50
Primary Sources Access (Plan D) - APAC
Primary Sources Access (Plan D) - Midwest
Primary Sources Access (Plan D) - MEA
Primary Sources Access—Foundation Edition (Plan E) - Canada
Primary Sources Access—Foundation Edition (Plan E) - UK / I
Primary Sources Access—Foundation Edition (Plan E) - EMEALA
Primary Sources Access & Build (Plan A) - APAC
Primary Sources Access & Build (Plan A) - Canada
Primary Sources Access & Build (Plan A) - West
Primary Sources Access & Build (Plan A) - EMEALA
Primary Sources Access (Plan D) - Northeast
Primary Sources Access & Build (Plan A) - Midwest
Primary Sources Access & Build (Plan A) - North Central
Primary Sources Access & Build (Plan A) - Northeast
Primary Sources Access & Build (Plan A) - South Central
Primary Sources Access & Build (Plan A) - Southeast
Primary Sources Access (Plan D) - UK / I
Primary Sources Access—Foundation Edition (Plan E) - APAC
Primary Sources Access—Foundation Edition (Plan E) - MEA
ProQuest Social Sciences Premium Collection
Global News & ABI/Inform Professional
Trade PRO
ProQuest Central (Corporate)
ABI/INFORM Collection
ABI/INFORM Global (PDF only)
ProQuest Central (purchase pre-March 2016)
ABI/INFORM Global (Alumni Edition)
Social Science Database (Alumni Edition)
International Bibliography of the Social Sciences (IBSS)
Hospital Premium Collection
ProQuest Central (Alumni) (purchase pre-March 2016)
ABI/INFORM Collection (Alumni Edition)
Research Library (Alumni Edition)
ProQuest Central (Alumni)
ProQuest Central
Social Science Premium Collection
ProQuest Central Essentials
ProQuest Central
Business Premium Collection
ProQuest One Community College
ProQuest Central Korea
International Bibliography of the Social Sciences
Business Premium Collection (Alumni)
Health Research Premium Collection
ABI/INFORM Global (Corporate)
ProQuest Central Student
Research Library Prep
International Bibliography of the Social Sciences
ProQuest Business Collection (Alumni Edition)
ProQuest Business Collection
ABI/INFORM Professional Advanced
ABI/INFORM Professional Standard
ABI/INFORM Global
Healthcare Administration Database
Research Library
Social Science Database
Research Library (Corporate)
Research Library China
One Business
ProQuest One Business (Alumni)
ProQuest One Academic Eastern Edition (DO NOT USE)
ProQuest One Academic
ProQuest One Academic UKI Edition
ProQuest Central China
ABI/INFORM Collection China
ProQuest Central Basic
SIRS Editorial
DatabaseTitle CrossRef
Periodicals Index Online Segment 04
Periodicals Index Online Segment 03
Periodicals Index Online Segments 1-50
Periodicals Index Online Segment 32
Periodicals Index Online
ABI/INFORM Global (Corporate)
ProQuest Business Collection (Alumni Edition)
ProQuest One Business
Research Library Prep
ProQuest Central Student
ProQuest Central Essentials
SIRS Editorial
ProQuest Social Science Journals (Alumni Edition)
ProQuest Central (Alumni Edition)
ProQuest One Community College
Research Library (Alumni Edition)
Trade PRO
ProQuest Central China
ABI/INFORM Complete
ProQuest Central
Global News & ABI/Inform Professional
ABI/INFORM Professional Advanced
Health Research Premium Collection
International Bibliography of the Social Sciences (IBSS)
ABI/INFORM Professional Standard
ProQuest Central Korea
ProQuest Research Library
Research Library China
ABI/INFORM Complete (Alumni Edition)
Business Premium Collection
Social Science Premium Collection
ABI/INFORM Global
ABI/INFORM Global (Alumni Edition)
ProQuest Central Basic
ProQuest One Academic Eastern Edition
ProQuest Health Management
ABI/INFORM China
ProQuest Hospital Collection
ProQuest Business Collection
ProQuest Social Science Journals
ProQuest Social Sciences Premium Collection
ProQuest One Academic UKI Edition
ProQuest One Business (Alumni)
ProQuest One Academic
ProQuest Central (Alumni)
Business Premium Collection (Alumni)
DatabaseTitleList ABI/INFORM Global (Corporate)
DeliveryMethod fulltext_linktorsrc
Discipline Economics
EISSN 1468-0262
EndPage 1233
ExternalDocumentID 33572668
10_2307_2999636
2999636
Genre Feature
GroupedDBID -DZ
-ET
-~X
.L6
.Y3
0-V
1OC
1OL
29G
2AX
31~
3R3
3V.
476
5GY
63O
7WY
85S
8FI
8FL
8G5
8R4
8R5
A00
AABCJ
AARRQ
ABBHK
ABEFU
ABFAN
ABKVW
ABLJU
ABPFR
ABSIS
ABUWG
ABXSQ
ABYAD
ABYWD
ABYYQ
ACHQT
ACMTB
ACNCT
ACTMH
ACTWD
ACUBG
ADBBV
ADGDI
ADKYN
ADMHC
ADODI
ADULT
ADZMN
AELPN
AENEX
AEUPB
AEUYR
AFAIT
AFFNX
AFKRA
AFTQD
AFVYC
AFXHP
AFXKK
AHAJD
AI.
AIHXQ
ALMA_UNASSIGNED_HOLDINGS
ALSLI
AQUVI
ARALO
AS~
AZQEC
BENPR
BEZIV
BKOMP
BPHCQ
BVXVI
CBXGM
CCKSF
CCPQU
CS3
CWXUR
CYVLN
DQDLB
DSRWC
DU5
DWQXO
ECEWR
EFSUC
EOH
F5P
FEDTE
FRNLG
FVMVE
FYUFA
GNUQQ
GROUPED_ABI_INFORM_ARCHIVE
GROUPED_ABI_INFORM_COMPLETE
GROUPED_ABI_INFORM_RESEARCH
GUPYA
GUQSH
HGD
HQ6
HVGLF
H~9
JAAYA
JAS
JBC
JBMMH
JBZCM
JENOY
JHFFW
JKQEH
JLEZI
JLXEF
JMS
JPL
JPPEU
JSODD
JST
K60
K6~
L7B
LATKE
LH4
LW6
M0C
M0T
M2O
M2R
MS~
MVM
MXFUL
MY~
N9A
NHB
P2P
P4E
PADUT
PQBIZ
PQQKQ
PRG
PROAC
Q2X
RNS
RXW
S0X
SA0
TN5
U5U
UHB
UKHRP
VH1
VQA
WBKPD
WH7
WIH
WYJ
YYP
0R~
33P
4.4
702
8-1
AABNI
AAESR
AAHHS
AAOUF
AASGY
AAXRX
AAYXX
AAZKR
ABCUV
ABJNI
ABSOO
ABZIE
ACAHQ
ACBKW
ACCFJ
ACCZN
ACPOU
ACXQS
ADACV
ADEOM
ADMGS
ADXAS
ADZOD
AEEZP
AEIGN
AEQDE
AFBPY
AFFPM
AFGKR
AFPWT
AFZJQ
AHBTC
AIFKG
AIURR
AIWBW
AJBDE
ALIPV
ALUQN
AMYDB
ASTYK
AZVAB
BFHJK
BMXJE
BNVMJ
BQESF
CAG
CITATION
COF
DCZOG
DRFUL
DRSSH
EBS
EJD
GODZA
HGLYW
IHE
IPSME
LEEKS
LITHE
LOXES
LUTES
LYRES
MEWTI
MRFUL
MRSSH
MSFUL
MSSSH
MXSSH
OIG
P2W
PQBZA
ROL
RWL
SUPJJ
TAE
WHG
WII
WOHZO
WXSBR
XSW
ZCG
ZZTAW
AAXLS
ABPQH
ADMHG
APTMU
FIXVA
FKUCP
JILTI
K30
PAAUG
PAWHS
PAWZZ
PAXOH
PBHAV
PBQSW
PBYQZ
PCIWU
PCMID
PCZJX
PDGRG
PDWWI
PETMR
PFVGT
PGXDX
PIHIL
PISVA
PJCTQ
PJTMS
PLCHJ
PMHAD
PNQDJ
POUND
PPLAD
PQAPC
PQCAN
PQCMW
PQEME
PQHKH
PQMID
PQNCT
PQNET
PQSCT
PQSET
PSVJG
PVMQY
PZGFC
0U~
1-H
7XB
8BJ
8FK
FQK
JBE
L.-
L.0
MBDVC
PQEST
PQUKI
PRINS
Q9U
ID FETCH-LOGICAL-c334t-124fd2d76ca743e7eea6fca0015d77c775a6c1359a1f1eaccad52b9572872d8a3
IEDL.DBID JAS
ISSN 0012-9682
IngestDate Thu Oct 10 17:24:00 EDT 2024
Thu Oct 10 18:45:32 EDT 2024
Fri Aug 23 04:08:23 EDT 2024
Fri Feb 02 07:04:22 EST 2024
IsDoiOpenAccess false
IsOpenAccess true
IsPeerReviewed true
IsScholarly true
Issue 5
Language English
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-c334t-124fd2d76ca743e7eea6fca0015d77c775a6c1359a1f1eaccad52b9572872d8a3
OpenAccessLink https://www.nirdagan.com/research/199802/full.pdf
PQID 203875053
PQPubID 1821501
PageCount 3
ParticipantIDs proquest_journals_203875053
proquest_journals_1554042979
crossref_primary_10_2307_2999636
jstor_primary_10_2307_2999636
PublicationCentury 1900
PublicationDate 1998-09-01
PublicationDateYYYYMMDD 1998-09-01
PublicationDate_xml – month: 09
  year: 1998
  text: 1998-09-01
  day: 01
PublicationDecade 1990
PublicationPlace Menasha, Wis
PublicationPlace_xml – name: Menasha, Wis
– name: Evanston
PublicationTitle Econometrica
PublicationYear 1998
Publisher Econometric Society
George Banta Pub. Co. for the Econometric Society
Blackwell Publishing Ltd
Publisher_xml – name: Econometric Society
– name: George Banta Pub. Co. for the Econometric Society
– name: Blackwell Publishing Ltd
SSID ssj0005005
Score 1.6210786
Snippet Two important articles in the literature on decentralized strategic markets are Gale (1986) and McLennan and Sonnenschein (1991). McLennan and Sonnenschein...
SourceID proquest
crossref
jstor
SourceType Aggregation Database
Publisher
StartPage 1231
SubjectTerms Bargaining
Econometrics
Economic agents
Economic models
Economic theory
Equilibrium
Expected utility
Feasibility
Health care economics
Market economies
Notes and Comments
Short sales
Trade
Transponders
Utility functions
Title Comment on Mclennan and Sonnenschein "Sequential Bargaining as a Noncooperative Foundation for Walrasian Equilibrium"
URI https://www.jstor.org/stable/2999636
https://www.proquest.com/docview/1554042979
https://www.proquest.com/docview/203875053
Volume 66
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://sdu.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV3PT8IwFG6Ei178bUTANITrImvpuh0FIVzkgkZvS38tIcFOGfv_fe22EEOMXnbptix9a7_vpd_3HkJDAzggDSwkSjkNxnGoAgFAFJhYUDPOuGS-JctixZfv8dPMlckZNl4YJ6v0ukB_ig8ESW7MA3GsnEYt1IrDugjuXsYxGtVdCkiQRDHZG2Obx34gTiU6PNh4PZrMz_73HefotGaL-LEK7wU6MvYSHTdm4uIKlc7gAbiBc4uf4RZrhcXCarxyAhYLqatZWzxYecE0LOYNnrjOtr4rBBYFFniZW5Xnn6aqAI73bZYw0Fn8JjZb77PEs69y7f0B5cfgGr3OZy_TRVB3UggUpeNdACCeaaJ5pAQwBsONEVGmhCNMmnPFORORCilLRJiFsBUroRmRCeOQTxENYbtBbZtbc4uwpomRTArJFBsDwkoiuciAJ0IuHWmRdRBuZjv9rApmpJBouICk9fx1UN9P7e_jvSY6ab2iitTxHgeePOmg7uEwccfwwObo3R8v76KTylboZGI91N5tS9NHrUKX9_7HctfJ9BvSSsue
link.rule.ids 315,782,786,817,849,27935,27936,58026,58030,58259,58263
linkProvider JSTOR
linkToHtml http://sdu.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV3LTsMwEFzRcoALb0ShBaviGtHGdZwceRQVQXspCG6RX5EqFae05P9ZO4kqhBCcnUSR1_bMyjO7AJcGcUAa3EiUchoM4r4KBAJRYGJBzSDjkvmWLKMpn7zFd0NXJuey9sI4WaXXBfpbfCRIcm6uQsfKadSATRZjzlCWwV0LOXq9qk9BGCRRHK6tsfWL3zCnlB3-OHo9ntzv_u9P9mCn4ovkugzwPmwYewBbtZ14dQiFs3ggcpDckjE-Yq2wRFhNpk7CYjF5NTNLulMvmcbtPCc3rret7wtBxIoIMsmtyvOFKWuAk3WjJYKElryK-dI7Lcnwo5h5h0Dx3j2Cl_vh8-0oqHopBIrSwWeAMJ7pUPNICeQMhhsjokwJR5k054pzJiLVpywR_ayPh7ESmoUyYRwzqlBj4I6haXNrToBomhjJpJBMsQFirAwlFxkyRcymIy2yFpB6ttNFWTIjxVTDBSSt5q8FHT-1v4-36-ik1Z5apY75OPjkSQvOfg6H7iIe-Rw9_ePjF7A1eh4_pU8Pk8cz2C5Nhk401obm57IwHWisdHHuF9kX2_rN_w
linkToPdf http://sdu.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwjV1dS8MwFL04BfXFb3E6NYgPvpStzdKsj35sKOoQpuhbyVdhMNO52f_vTdoyRESf05aSm5tzLjknF-DcIA5Ig4lEKadBtxeqQCAQBaYnqOlmXDLfkuV2xIdvvZu-uybnovbCOFml1wX6U3wkSHJi2lOdtSPHzGncgBWGRU25fkcLMUenU_UqiIIk7kULe2z94jfcKaWHP7ZfjymDzf__zRZsVLyRXJaB3oYlY3dgrbYVz3ehcFYPRBCSW_KIj1grLBFWk5GTslgsYs3YkrORl05jWk_Iletx6_tDEDEnggxzq_J8asq7wMmi4RJBYktexWTmHZek_1GMvVOgeD_bg5dB__n6Nqh6KgSK0u5ngHCe6UjzWAnkDoYbI-JMCUedNOeKcyZiFVKWiDALcVNWQrNIJoxjZRVpDOA-LNvcmgMgmiZGMikkU6yLWCsjyUWGjBGr6liLrAmknvF0Wl6dkWLJ4YKSVvPXhGM_vb-Pt-oIpVVuzVPHgByM8qQJRz-HI3cgj7yOHv7x8VNYfboZpA93w_sjWC-9hk471oLlz1lhjqEx18WJX2dfrMLQhQ
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Comment+on+Mclennan+and+Sonnenschein+%22Sequential+Bargaining+as+a+Noncooperative+Foundation+for+Walrasian+Equilibrium%22&rft.jtitle=Econometrica&rft.au=Dagan%2C+Nir&rft.au=Serrano%2C+Roberto&rft.au=Volij%2C+Oscar&rft.date=1998-09-01&rft.pub=Econometric+Society&rft.issn=0012-9682&rft.eissn=1468-0262&rft.volume=66&rft.issue=5&rft.spage=1231&rft.epage=1233&rft_id=info:doi/10.2307%2F2999636&rft.externalDocID=2999636
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0012-9682&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0012-9682&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0012-9682&client=summon