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Existence and properties of a value allocation for an economy with differential information

Stefan Krasa and Nicholas C. Yannelis
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Nicholas C. Yannelis: University of Illinois at Urbana-Champaign

A chapter in Differential Information Economies, 2005, pp 527-540 from Springer

Abstract: Summary We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

Keywords: Banach Lattice; Marginal Contribution; Grand Coalition; Order Interval; Nash Bargaining Solution (search for similar items in EconPapers)
Date: 2005
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Journal Article: Existence and properties of a value allocation for an economy with differential information (1996) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:spr:steccp:978-3-540-26979-3_27

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DOI: 10.1007/3-540-26979-7_27

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