Core and equilibria in coalitional asymmetric information economies

C-Tier
Journal: Journal of Mathematical Economics
Year: 2009
Volume: 45
Issue: 3-4
Pages: 293-307

Score contribution per author:

0.336 = (α=2.02 / 3 authors) × 0.5x C-tier

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

Abstract

We study coalitional economies under uncertainty and asymmetric information, assuming a finitely additive measure space of agents and finitely many possible states of nature. We introduce a suitable core notion showing that it is equivalent to Walrasian expectations equilibria. The finitely additive approach proposed in the paper permits also asymmetric information economy with countably many agents, rather than requiring only a continuum. Moreover, it allows us to overcome well-known criticisms related to the interpretation of individual private core notions.

Technical Details

RePEc Handle
repec:eee:mateco:v:45:y:2009:i:3-4:p:293-307
Journal Field
Theory
Author Count
3
Added to Database
2026-01-24