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We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10005405662
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized...
Persistent link: https://www.econbiz.de/10005764674
We study information transmission in large interim quasilinear economies using the theory of the core. We concentrate on the core with respect to equilibrium blocking, a core notion in which information is transmitted endogenously within coalitions, as blocking can be understood as an...
Persistent link: https://www.econbiz.de/10008486865
We study information transmission in large interim quasilinear economies using the theory of the core. We concentrate on the core with respect to equilibrium blocking, a core notion in which information is transmitted endogenously within coalitions, as blocking can be understood as an...
Persistent link: https://www.econbiz.de/10008518033
We study information transmission in large interim quasilinear economies using the theory of the core. We concentrate on the core with respect to equilibrium blocking, a core notion in which information is transmitted endogenously within coalitions, as blocking can be understood as an...
Persistent link: https://www.econbiz.de/10008458453
We study a cost allocation problem under asymmetric information, and show that the ex ante incentive compatible core is non-empty. We also obtain a non-emptiness result for the incentive compatible coarse core, which is one concept of an interim core.
Persistent link: https://www.econbiz.de/10011265359
In this paper we show that in quasilinear economies the incentive compatible coarse core is non-empty if agents are informationally small in the sense of McLean and Postlewaite (2002) and the strict core in each state is non-empty.
Persistent link: https://www.econbiz.de/10008865833
Persistent link: https://www.econbiz.de/10005478719
Persistent link: https://www.econbiz.de/10011090371
Persistent link: https://www.econbiz.de/10005647272