Existence and properties of a value allocation for an economy with differential information

نویسندگان

  • Stefan Krasa
  • Nicholas C. Yannelis
چکیده

We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts. JEL classification: D8; D82; C7; C71; C72

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تاریخ انتشار 2003