The Core of Economies with Asymmetric Information: An Axiomatic Approach

Darin Lee and Oscar Volij ()

Economic theory and game theory from Oscar Volij

Abstract: We propose two generalizations of the Davis-Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.

Keywords: Asymmetric information; core; reduced game property; consistency. (search for similar items in EconPapers)
JEL-codes: C71 D82 (search for similar items in EconPapers)
Date: 1997-11-20
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Citations: View citations in EconPapers (8)

Published in Journal of Mathematical Economics 38, 43-63, (2000).

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Related works:
Journal Article: The core of economies with asymmetric information: an axiomatic approach (2002)
Working Paper: The Core of Economies with Asymmetric Information: An Axiomatic Approach (2000)
Working Paper: The Core of Economies with Asymmetric Information: An Axiomatic Approach (1997)
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