Market games with differential information and infinite dimensional commodity spaces: the core (*)

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 9
Issue: 1
Pages: 151-159

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

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

Abstract

We provide an alternative proof of the existence of core allocations in exchange economies with differential information and infinite dimensional commodity spaces. We also identify a critical feature of information sharing rules that ensures nonemptiness of the core. In essence, the only condition we require on the sharing rules is that profitable "insider trading" be prohibited. In the absence of insider trading, balancedness is guaranteed and core nonemptiness follows.

Technical Details

RePEc Handle
repec:spr:joecth:v:9:y:1996:i:1:p:151-159
Journal Field
Theory
Author Count
1
Added to Database
2026-01-28