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allows to describe various known classical concepts for a perfect economy – equilibria, core, fuzzy core etc. – in pure game …
Persistent link: https://www.econbiz.de/10009003887
In this paper, a new concept of "limit information" is introduced and studied for Arrow-Debreu type economies with asymmetrically informed agents. The concept is based on the so-called contractual approach that presumes that agents meet and form coalitions, where the concurrent exchange of...
Persistent link: https://www.econbiz.de/10008526692