Arbeitspapier
The ex ante incentive compatible core in the absence of wealth effects
In a differencial economy with quasi-linear utilities, monetary transfers facilitate the fulfilment of incentive compability constraints: the associated ex ante core is generically nonempty. However, we exhibit a well-behaved exchange economy in which this core is empty, even if goods are allocated through random mechanisms.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2001-01
- Klassifikation
-
Wirtschaft
- Thema
-
Core
exchange economy
asymmetric information
incentive compability
ex ante
transferable utility
absence of wealth effects : quasi-linear
Core
Asymmetrische Information
Allgemeines Gleichgewicht
Ökonomischer Anreiz
Vermögenseffekt
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Forges, Françoise
Mertens, Jean-François
Vohra, Rajiv
- Ereignis
-
Veröffentlichung
- (wer)
-
Brown University, Department of Economics
- (wo)
-
Providence, RI
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Forges, Françoise
- Mertens, Jean-François
- Vohra, Rajiv
- Brown University, Department of Economics
Entstanden
- 2001
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