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economies under asymmetric information. I obtain a new notion of core that refines Wilson (1978)'s coarse core. It is nonempty … as a technical tool for proving the nonemptiness of the coarse core. Indeed, the core converges to the set of Wilson …
Persistent link: https://www.econbiz.de/10005130196
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … such voting games, this approach makes it possible to derive core concepts in which information sharing is endogenous. Our … results lend support to credible core of Dutta and Vohra (2003) and the core proposed by Myerson (2003) as two that can be …
Persistent link: https://www.econbiz.de/10005130219
This paper reinterprets the gamma-core (Chander and Tulkens (1995, 1997)) and justifies it as well as its prediction …
Persistent link: https://www.econbiz.de/10005342201
The core is extended to games with incomplete information. The feasible set is characterized by incentive …
Persistent link: https://www.econbiz.de/10005342211