Heifetz, Aviad; Forges, Françoise; Minelli, Enrico - In: Economic Theory 18 (2001) 2, pp. 349-365
If the allocations of a differential information economy are defined as incentive compatible state-contingent lotteries over consumption goods, competitive equilibrium allocations exist and belong to the (ex ante incentive) core. Furthermore, any competitive equilibrium allocation can be viewed...