A formulation of the aggregation problem in terms of coalition and bargaining theory |
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Authors: | A Ghosh |
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Institution: | (1) Centre for Studies in Economic Appraisal, Calcutta, India |
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Abstract: | The object of this paper is to demonstrate in economic terms the equivalence of the problem of aggregation in input-output analysis with coalition and bargaining problems. Depending on the specific norm for aggregation it is shown that the aggregation criterion and the coalition forming criterion in an n-person game leads to a broadly similar situation in the market sense given that the market operates to that criterion. It is also shown that a mathematical analogue to this formulation may be obtained via the techniques of geometric programming. |
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