Blocking efficiency in an economy with asymmetric information

In this paper, we study a pure exchange atomless economy with asymmetric information and having an ordered Banach space with an interior point in its positive cone as the commodity space. An extension of the main theorem in Vind (1972) to the private core without free disposal is established. As a particular case of this result, a solution to a problem mentioned in Pesce (2010) is derived.

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Year of publication:	2012
Authors:	Bhowmik, Anuj ; Cao, Jiling
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 48.2012, 6, p. 396-403
Publisher:	Elsevier
Subject:	Asymmetric information economy \| Coarse core \| Core \| Fine core \| Private core \| Walrasian expectations allocation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011065462