Kocherlakota, Narayana; Phelan, Christopher - In: Journal of Economic Theory 144 (2009) 6, pp. 2372-2387
This paper considers a model economy in which agents are privately informed about their type: their endowments of various goods and their preferences over these goods. While preference orderings over observable choices are allowed to be correlated with an agent's private type, we assume that the...