The bargaining set of a large economy with differential information

B-Tier
Journal: Economic Theory
Year: 2001
Volume: 18
Issue: 2
Pages: 473-484

Authors (3)

Ezra Einy (not in RePEc) Diego Moreno (Universidad Carlos III de Madr...) Benyamin Shitovitz (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study the Mas-Colell bargaining set of an exchange economy with differential information and a continuum of traders. We established the equivalence of the private bargaining set and the set of Radner competitive equilibrium allocations. As for the weak fine bargaining set, we show that it contains the set of competitive equilibrium allocations of an associated symmetric information economy in which each trader has the "joint information" of all the traders in the original economy, but unlike the weak fine core and the set of fine value allocations, it may also contain allocations which are not competitive in the associated economy.

Technical Details

RePEc Handle
repec:spr:joecth:v:18:y:2001:i:2:p:473-484
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26