Competitive and core allocations in large economies with differential information

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dc.contributor.author Einy, Ezra
dc.contributor.author Moreno, Diego
dc.contributor.author Shitovitz, Benyamin
dc.date.accessioned 2009-05-14T14:11:26Z
dc.date.available 2009-05-14T14:11:26Z
dc.date.issued 2001-09
dc.identifier.bibliographicCitation Economic Theory. 2001, vol. 18, nº 2, p. 321–332
dc.identifier.issn 1432-0479 (Online)
dc.identifier.uri http://hdl.handle.net/10016/4223
dc.description.abstract We study the core and competitive allocations in exchange economies with a continuum of traders and differential information. We show that if the economy is “irreducible”, then a competitive equilibrium, in the sense of Radner (1968, 1982), exists. Moreover, the set of competitive equilibrium allocations coincides with the “private core” (Yannelis, 1991). We also show that the “weak fine core” of an economy coincides with the set of competitive allocations of an associated symmetric information economy in which the traders information is the joint information of all the traders in the original economy.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Springer
dc.rights © Springer
dc.subject.other General equilibrium in large economies with differential
dc.subject.other Private core
dc.subject.other Weak fine core
dc.title Competitive and core allocations in large economies with differential information
dc.type article
dc.type.review PeerReviewed
dc.description.status Publicado
dc.relation.publisherversion http://dx.doi.org/10.1007/PL00004186
dc.subject.eciencia Economía
dc.identifier.doi 10.1007/PL00004186
dc.rights.accessRights openAccess
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