Incentive compatible core and competitive equilibria in differential information economies
Forges, Françoise; Heifetz, Aviad; Minelli, Enrico (2001), Incentive compatible core and competitive equilibria in differential information economies, Economic theory, 18, 2, p. 349-365. http://dx.doi.org/10.1007/PL00004188
Type
Article accepté pour publication ou publiéDate
2001Journal name
Economic theoryVolume
18Number
2Publisher
Springer
Pages
349-365
Publication identifier
Metadata
Show full item recordAbstract (EN)
If the allocations of a differential information economy are defined as incentive compatible state-contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed as an element of the core of the n-fold replicated economy, for every n. The converse holds under the further assumption of independent private values but not in general, as shown by a counter-example.Subjects / Keywords
Incentive compatibility; General equilibrium; CoreRelated items
Showing items related by title and author.
-
Forges, Françoise; Minelli, Enrico (2001) Article accepté pour publication ou publié
-
Forges, Françoise; Mertens, Jean-François; Vohra, Rajiv (2002) Article accepté pour publication ou publié
-
Forges, Françoise (2005-12) Article accepté pour publication ou publié
-
Forges, Françoise (2004) Article accepté pour publication ou publié
-
Minelli, Enrico; Forges, Françoise (2014) Article accepté pour publication ou publié