Blocking efficiency in an economy with asymmetric information

Anuj Bhowmik and Jiling Cao

Journal of Mathematical Economics, 2012, vol. 48, issue 6, 396-403

Abstract: 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.

Keywords: Asymmetric information economy; Coarse core; Core; Fine core; Private core; Walrasian expectations allocation (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:48:y:2012:i:6:p:396-403

DOI: 10.1016/j.jmateco.2012.08.005

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