Incentive compatible core and competitive equilibria in differential information economies

Françoise Forges, Aviad Heifetz and Enrico Minelli
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Françoise Forges: Université de Cergy-Pontoise, and Institut Universitaire de France
Aviad Heifetz: University of Tel Aviv

A chapter in Differential Information Economies, 2005, pp 185-201 from Springer

Abstract: Summary If the allocations of a differential information economy are defined as incentive compatible state-contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed as an element of the core of the n-fold replicated economy, for every n. The converse holds under the further assumption of independent private values but not in general, as shown by a counter-example.

Keywords: Incentive compatibility; General equilibrium; Core (search for similar items in EconPapers)
Date: 2005
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Related works:
Journal Article: Incentive compatible core and competitive equilibria in differential information economies (2001)
Working Paper: Incentive compatible core and competitive equilibria in differential information economies (2001)
Working Paper: Incentive compatible core and competitive equilibria in differential information economies (1999)
Working Paper: Incentive Compatible Core and Competitive Equilibria in Differential Information Economics (1999)
Working Paper: Incentive Compatible Core and Competitive Equilibria in Differential Information Economies (1999)
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DOI: 10.1007/3-540-26979-7_11

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