Robust efficiency in mixed economies with asymmetric information

In this paper, we study robustly efficient allocations in a pure exchange economy. Answering a question of Hervés-Beloso and Moreno-García (2008), we present an extension of their main result to an asymmetric information mixed economy whose commodity space is an ordered separable Banach space having an interior point in its positive cone.

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Year of publication:	2013
Authors:	Bhowmik, Anuj ; Cao, Jiling
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 49.2013, 1, p. 49-57
Publisher:	Elsevier
Subject:	Asymmetric information \| Mixed economy \| Private core \| Robustly efficient allocation \| Walrasian expectations allocation

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011065461