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On fairness of equilibria in economies with differential information
Basile, Achille; Graziano, Maria; Pesce, Marialaura - In: Theory and Decision 76 (2014) 4, pp. 573-599
The paper proposes a notion of fairness which overcomes the conflict arising between efficiency and the absence of envy …
Persistent link: https://www.econbiz.de/10010865807
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Strict fairness of equilibria in asymmetric information economies and mixed markets
Donnini, Chiara; Pesce, Marialaura - In: Economic theory : official journal of the Society for … 69 (2020) 1, pp. 107-124
Persistent link: https://www.econbiz.de/10012238212
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Coalitional fairness in interim differential information economies
Donnini, Chiara; Graziano, Maria; Pesce, Marialaura - In: Journal of Economics 111 (2014) 1, pp. 55-68
efficiency and envy-freeness when agents are asymmetrically informed and the equity of allocations is evaluated at the interim …
Persistent link: https://www.econbiz.de/10010863036
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Existence, incentive compatibility and efficiency of the rational expectations equilibrium
Sun, Yeneng; Wu, Lei; Yannelis, Nicholas C. - In: Games and Economic Behavior 76 (2012) 1, pp. 329-339
–Debreu–McKenzie, often fails to have desirable properties such as universal existence, incentive compatibility and efficiency. We resolve …. We prove the existence, incentive compatibility and efficiency for this new REE concept. …
Persistent link: https://www.econbiz.de/10011049735
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Disagreements with noisy signals and asset pricing
Wang, Hailong; Hu, Duni; Ma, Chaoqun; Cheng, Fengchao - In: The North American journal of economics and finance : a … 51 (2020), pp. 1-35
Persistent link: https://www.econbiz.de/10012659556
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Incomplete information about social preferences explains equal division and delay in bargaining
Kohler, Stefan - In: Games 3 (2012) 3, pp. 119-137
-interest or envy, of one bargaining party as private information in a three period game of bargaining and preference screening and …
Persistent link: https://www.econbiz.de/10009754119
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Egalitarian equivalence under asymmetric information
de Clippel, Geoffroy; Pérez-Castrillo, David; … - In: Games and Economic Behavior 75 (2012) 1, pp. 413-423
efficiency remain compatible, as they were under complete information. When incentive constraints are more restrictive, on the …
Persistent link: https://www.econbiz.de/10011049793
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Ultimatum bargaining with envy under incomplete information
Gonzalez-Sanchez, Eric; Loyola, Gino - In: Mathematical social sciences 127 (2024), pp. 1-11
Persistent link: https://www.econbiz.de/10014558613
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A full characterization of all deterministic dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced direct mechanisms in the public good...
Kuzmics, Christoph - 2014
In this note I give a full characterization of all deterministic direct mechanisms in the public good provision problem with independent private values that are dominant strategy incentive compatible, ex-post individually rational, and ex-post budget balanced.
Persistent link: https://www.econbiz.de/10010337703
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Price discovery through options
Malamud, Semyon - 2014
: First, if informed traders have non-CARA preferences, strong-form efficiency is always obtained, independent of the amount … wealth effects of uninformed trading: If the latter have non-CARA preferences, weak-form efficiency fails and option prices …
Persistent link: https://www.econbiz.de/10010412683