Existence of Edgeworth equilibria for economies with asymmetric information

被引：2
|
作者：
Meo, Claudia [1 ]
机构：
[1] Univ Piemonte Orientale, Dipartimento Sci Econ & Metodi Quantitat, Via Perrone 18, I-28100 Novara, Italy
来源：
ECONOMIC THEORY | 2009年 / 38卷 / 02期
关键词：
Asymmetric information economies; Equal treatment; Private core; Edgeworth equilibria; D11; D50; D82; COMPETITIVE-EQUILIBRIUM; CORE;
D O I：
10.1007/s00199-008-0333-0
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We analyze a general equilibrium model with asymmetrically informed agents. A basic and well-known consequence of asymmetric information is the failure of equal treatment property. Despite of this, we show that in every replica economy a private core allocation, which treats agents of the same type equally, exists. This result is provided in the framework of two different models, with and without expectations, and it suffices to guarantee in both cases the existence of a private Edgeworth equilibrium.
引用
收藏
页码：371 / 383
页数：13
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