Core Concepts in Economies where Information is Almost Complete
نویسندگان
چکیده
The paper analyzes the properties of cores with differential information, as economies converge to complete information. Two core concepts are investigated: the private core, in which agents’ net trades are measurable with respect to agents’ private information, and the incentive compatible core, in which coalitions of agents are restricted to incentive compatible allocations. ∗We wish to thank an anonymous referee for very helpful comments. Address of the authors: Department of Economics, University of Illinois, 1206 South Sixth Street, Champaign IL 61820.
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تاریخ انتشار 2000