An alternative proof of the nonemptiness of the private core

We focus on the private core [19] of an economy with a finite number of agents with differential information, a continuum of states and an infinite number of commodities. We state a nonemptiness result for the private core and provide a proof based on a fixed-point argument.

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Year of publication:	2001-05-08
Authors:	Lefebvre, Isabelle
Published in:	Economic Theory. - Springer. - Vol. 18.2001, 2, p. 275-291
Publisher:	Springer
Subject:	Economy with differential information \| Coarse core \| Private core \| Weak fine core \| Nonemptiness \| Fixed-point theorem

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: October 4, 1999; revised version: June 7, 2000
Classification:	D51 - Exchange and Production Economies ; D82 - Asymmetric and Private Information ; C71 - Cooperative Games
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005155376