Ichiishi, Tatsuro; Yamazaki, Akira - Graduate School of Economics, Hitotsubashi University - 2003
The private information case of a Bayesian pure exchange economy is studied. The Bayesian incentive-compatible coarse core is proved to be nonempty. On the other hand, the Bayesian incentivecompatible interim core may be empty, even for Bayesian pure exchange economies satisfying the traditional...