Arbeitspapier
The type-agent core for exchange economies with asymmetric information
The type-agent core is a new solution concept for exchange economies with asymmetric information. It coincides with the set of equilibrium outcomes of a simple competitive screening game. Uninformed intermediaries help the agents to cooperate in an attempt to make some profit. The paper extends the work of Perez-Castrillo (1994) to exchange economies with non-transferable utility and asymmetric information. The type-agent core is a subset of Wilson (1978)’s coarse core. It is never empty, even though it may be a strict subset of Wilson’s fine core. In addition, it converges towards the set of constrained market equilibria as the economy is replicated.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2004-18
- Klassifikation
-
Wirtschaft
- Thema
-
Tauschwirtschaft
Asymmetrische Information
Core
Sunspot
- Ereignis
-
Geistige Schöpfung
- (wer)
-
de Clippel, Geoffroy
- Ereignis
-
Veröffentlichung
- (wer)
-
Brown University, Department of Economics
- (wo)
-
Providence, RI
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- de Clippel, Geoffroy
- Brown University, Department of Economics
Entstanden
- 2004
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