Showing 1 - 10 of 75
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … of such voting games, this approach makes it possible to derive core concepts in which the transmission of information … among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the …
Persistent link: https://www.econbiz.de/10010318981
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
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … of such voting games, this approach makes it possible to derive core concepts in which the transmission of information … among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the …
Persistent link: https://www.econbiz.de/10005163101
In interim economies with asymmetric information, we show that the coarse core of Wilson (1978) does not converge to … price equilibrium allocations as the economy is replicated. This failure of core convergence is a basic consequence of … asymmetric information and extends to any reasonable notion of either (interim) core or price equilibrium. …
Persistent link: https://www.econbiz.de/10005178284
We provide nonemptiness results of approximate interim cores with endogenous communication in large quasilinear economies, where every agent's informational size is small. We offer results for both replica and more general sequences of economies.
Persistent link: https://www.econbiz.de/10011890497
refinement of Myerson’s core for which information disseminates across coalitions within a given random blocking mechanism. Under …We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions … in which information is transmitted endogenously within coalitions and the incentive constraints are relevant …
Persistent link: https://www.econbiz.de/10003728413
A core allocation of a complete information economy can be characterized as one that would not be unanimously rejected … of such voting games, this approach makes it possible to derive core concepts in which the transmission of information … among members of a coalition is endogenous. Our results lend support to the credible core of Dutta and Vohra (2003) and the …
Persistent link: https://www.econbiz.de/10014064860
refinement of Myerson's core for which information disseminates across coalitions within a given random blocking mechanism. Under …We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions … in which information is transmitted endogenously within coalitions and the incentive constraints are relevant …
Persistent link: https://www.econbiz.de/10014047845
This paper provides a noncooperative approach to core stability in an economy with incomplete information. The analysis … covers general exchange economies, although our tightest results hold when effective coalitions consist of at most two … Serrano and Vohra (1997) to implement the core of a complete information economy. This leads to a version of the core that we …
Persistent link: https://www.econbiz.de/10013297636
incomplete information. We discuss exchange economies, cooperative Bayesian games with orthogonal coalitions, and issues of …
Persistent link: https://www.econbiz.de/10009278195