General equilibrium in economies with uncertain delivery

B-Tier
Journal: Economic Theory
Year: 2012
Volume: 51
Issue: 3
Pages: 729-755

Authors (2)

João Correia-da-Silva (Universidade do Porto) Carlos Hervés-Beloso (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 2 authors) × 1.0x B-tier

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

Abstract

We consider a general equilibrium model of trade ex ante with differential information in which agents choose plans of state-contingent lists of bundles. Being unable to verify that the state of nature is s and not t, an agent has to accept the delivery of any bundle in the list for delivery in state s or in the list for delivery in state t. Under the assumption that each state of nature can be verified by at least one agent, we establish existence of equilibrium and we show that the equilibrium allocation satisfies a notion of coalitional incentive compatibility. Copyright Springer-Verlag 2012

Technical Details

RePEc Handle
repec:spr:joecth:v:51:y:2012:i:3:p:729-755
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25