RT Journal Article
T1 Competitive and core allocations in large economies with differential information
A1 Einy, Ezra
A1 Moreno, Diego
A1 Shitovitz, Benyamin
AB 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.
PB Springer
SN 1432-0479 (Online)
YR 2001
FD 2001-09
LK https://hdl.handle.net/10016/4223
UL https://hdl.handle.net/10016/4223
LA eng
DS e-Archivo
RD 6 jun. 2024