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Communication, credible improvements and the core of an economy with asymmetric information

Volij, Oscar - 1997

We analyze an economy with asymmetric information and endogenize the possibilities for information transmission between members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The internal consistency of the improvements is...

Persistent link: https://www.econbiz.de/10011504624

Egalitarian equivalence under asymmetric information

De Clippel, Geoffroy; Pérez-Castrillo, J. David; … - 2010

We propose a definition of egalitarian equivalence that extends Pazner and Schmeidler’s (1978) concept to environments with incomplete information. If every feasible allocation rule can be implemented by an incentive compatible mechanism (as, for instance, in the case of non-exclusive...

Persistent link: https://www.econbiz.de/10008669313

Optimal Control of Upstream Pollution Under Asymmetric Information

Kerschbamer, Rudolf; Maderner, Nina - 2014

This paper derives optimal bribes to reduce upstream transfrontier emissions in the presence of asymmetric information on the polluter's concern for the environment. In a model in which the starting point for the negotiations on emission reduction is a Cournot-Nash equilibrium, it is shown that...

Persistent link: https://www.econbiz.de/10014141049

Optimal Control of Upstream Pollution Under Asymmetric Information

Kerschbamer, Rudolf; Maderner, Nina - 2014

Persistent link: https://www.econbiz.de/10014141187

Instant Efficient Pollution Abatement Under Non-Linear Taxation and Asymmetric Information : The Differential Tax Revisited

Mensink, Paul - 2014

This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ('differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...

Persistent link: https://www.econbiz.de/10014070890

Core Convergence with Asymmetric Information

McLean, Richard P.; Postlewaite, Andrew - 2003

We analyze the ex ante incentive compatible core for replicated private information economies. We show that any allocation in the core when the economy is replicated sufficiently often is approximately Walrasian for the associated Arrow-Debreu economy

Persistent link: https://www.econbiz.de/10014074477

Incomplete Information, Credibility and the Core

Vohra, Rajiv; Dutta, Bhaskar - 2005

An appropriate (interim) notion of the core for an economy with incomplete information depends on the amount of information that coalitions can share. The coarse and fine core, as originally defined by Wilson (1978), correspond to two polar cases, involving no information sharing and arbitrary...

Persistent link: https://www.econbiz.de/10014064877

Instant efficient pollution abatement under non-linear taxation and asymmetric information : the differential tax revisited

Mensink, Paul - 2004

Persistent link: https://www.econbiz.de/10002503475

Instant efficient pollution abatement under non-linear taxation and asymmetric information : the differential tax revisited

Mensink, Paul - 2004

This paper analyzes incentives for polluting firms to exchange abatement cost information under the non-linear pollution tax scheme ( differential tax') introduced by Kim and Chang [J. Regul. Econom. 5, 1993, 193-197]. It shows that polluting firms have - under mild conditions - an incentive to...

Persistent link: https://www.econbiz.de/10011606870

Moderating effect of audit quality : the case of dividend and firm value in Malaysian firms

Mohd Ashari Bakri - In: Cogent business & management 8 (2021) 1, pp. 1-15

This paper aimed to examine the effect of dividend on firm value, as well as the impact of audit quality on the … relationship between dividend and firm value in Malaysian firms, which was measured via financial statements audited by four large … mitigating information asymmetry that surrounds within dividend and firm value relationship. To the author’s knowledge, this …

Persistent link: https://www.econbiz.de/10012669059