Core concepts in economies where information is almost complete

The paper analyzes the properties of cores with differential information, as economies converge to complete information. Two core concepts are investigated: the private core, in which agents' net trades are measurable with respect to agents' private information, and the incentive compatible core, in which coalitions of agents are restricted to incentive compatible allocations.

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Year of publication:	2001-05-08
Authors:	Krasa, Stefan ; Shafer, Wayne
Published in:	Economic Theory. - Springer. - Vol. 18.2001, 2, p. 451-471
Publisher:	Springer
Subject:	Differential information \| Core

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Extent:	application/pdf
Type of publication:	Article
Notes:	Received: March 15, 2000; revised version: August 24, 2000
Classification:	C71 - Cooperative Games ; D51 - Exchange and Production Economies ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005371166