The Core of Economies with Asymmetric Information: An Axiomatic Approach

Oscar Volij and Darin Lee ()
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Oscar Volij: Brown University

Game Theory and Information from EconWPA

Abstract: We propose two generalizations of the Davis Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.

Keywords: Core; asymmetric information; consistency; reduced economy (search for similar items in EconPapers)
JEL-codes: D51 C71 D82 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 1997-06-13
Note: Type of Document - Postscript; prepared on IBM PC - PC-TEX; to print on PostScript level 2/600dpi; pages: 30 ; figures: none
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Related works:
Working Paper: The Core of Economies with Asymmetric Information: An Axiomatic Approach (1997)
Working Paper: The Core of Economies with Asymmetric Information: An Axiomatic Approach (2002)
Journal Article: The core of economies with asymmetric information: an axiomatic approach (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpga:9706002

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