Incentives and the core of an exchange economy: a survey

This paper provides a general overview of the literature on the core of an exchange economy with asymetric information. Incentive compatibility is emphasized in studying core concepts at the ex ante and the interim stage.The analysis includes issues of non emptiness of the core as wellas core convergence to price equilibrium allocations.

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Year of publication:	2001-09
Authors:	FORGES, Françoise ; MINELLI, Enrico ; VOHRA, Rajiv
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	core \| asymmetric information \| incentive \| compatibility \| exchange economy

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Extent:	application/pdf
Series:	CORE Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series UNIVERSITE CATHOLIQUE DE LOUVAIN, Center for Operations Research and Econometrics (CORE) Number 2001043
Classification:	C71 - Cooperative Games ; D82 - Asymmetric and Private Information ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005008294