EconPapers    
Economics at your fingertips  
 

Competitive and core allocations in large economies with differential information

Ezra Einy (), Diego Moreno () and Benyamin Shitovitz ()
Additional contact information
Ezra Einy: Ben Gurion University of Negev
Benyamin Shitovitz: University of Haifa

A chapter in Differential Information Economies, 2005, pp 173-183 from Springer

Abstract: Summary We study the core and competitive allocations in exchange economies with a continuum of traders and differential information. We show that if the economy is “irreducible”, then a competitive equilibrium, in the sense of Radner (1968, 1982), exists. Moreover, the set of competitive equilibrium allocations coincides with the “private core” (Yannelis, 1991). We also show that the “weak fine core” of an economy coincides with the set of competitive allocations of an associated symmetric information economy in which the traders information is the joint information of all the traders in the original economy.

Keywords: General equilibrium in large economies with differential information; Private core; Weak fine core (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Competitive and core allocations in large economies with differential information (2001) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-3-540-26979-3_10

Ordering information: This item can be ordered from
http://www.springer.com/9783540269793

DOI: 10.1007/3-540-26979-7_10

Access Statistics for this chapter

More chapters in Studies in Economic Theory from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-04-01
Handle: RePEc:spr:steccp:978-3-540-26979-3_10