Giraud, Gaël; Rochon, Céline - In: Social Choice and Welfare 20 (2003) 3, pp. 405-428
The purpose of this paper is to study the kind of efficient allocations that can be achieved in exchange economies with asymmetric information, by means of a decentralized mechanism robust to coalitional, strategic deviations. To this end, we define a new strategic equilibrium concept – called...