The Core of Economies with Asymmetric Information: An Axiomatic Approach

We propose two generalizations of the Davis Maschler reduced game property to economies with asymmetric information and apply them in the characterization of two solution concepts. One is Wilson's (1978) Coarse Core and the other is a subsolution of it which we call the Coarse+ Core.

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Year of publication:	1997-06-13
Authors:	Volij, Oscar ; Lee, Darin
Institutions:	EconWPA
Subject:	Core \| asymmetric information \| consistency \| reduced economy

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Extent:	application/pdf application/postscript
Series:	Game Theory and Information.
Type of publication:	Book / Working Paper
Notes:	Type of Document - Postscript; prepared on IBM PC - PC-TEX; to print on PostScript level 2/600dpi; pages: 30 ; figures: none 30 pages
Classification:	D51 - Exchange and Production Economies ; C71 - Cooperative Games ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005118523