An alternative proof of the nonemptiness of the private core

Isabelle Lefebvre ()
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Isabelle Lefebvre: CERMSEM, Maison des Sciences Economiques, Université de Paris 1, 106-112 Boulevard de l'Hôpital, 75647 Paris Cedex 13, FRANCE

Economic Theory, 2001, vol. 18, issue 2, 275-291

Abstract: We focus on the private core [19] of an economy with a finite number of agents with differential information, a continuum of states and an infinite number of commodities. We state a nonemptiness result for the private core and provide a proof based on a fixed-point argument.

Keywords: Economy with differential information; Coarse core; Private core; Weak fine core; Nonemptiness; Fixed-point theorem. (search for similar items in EconPapers)
JEL-codes: C71 D51 D82 (search for similar items in EconPapers)
Date: 2001-05-08
Note: Received: October 4, 1999; revised version: June 7, 2000
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Citations: View citations in EconPapers (7)

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