Robust efficiency in mixed economies with asymmetric information

Anuj Bhowmik and Jiling Cao

Journal of Mathematical Economics, 2013, vol. 49, issue 1, 49-57

Abstract: In this paper, we study robustly efficient allocations in a pure exchange economy. Answering a question of Hervés-Beloso and Moreno-García (2008), we present an extension of their main result to an asymmetric information mixed economy whose commodity space is an ordered separable Banach space having an interior point in its positive cone.

Keywords: Asymmetric information; Mixed economy; Private core; Robustly efficient allocation; Walrasian expectations allocation (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (18)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:49:y:2013:i:1:p:49-57

DOI: 10.1016/j.jmateco.2012.09.007

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