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Interim core concepts for a bayesian pure exchange economy [An article from: Journal of Mathematical Economics]
Book Details
Author(s)T. Ichiishi, A. Yamazaki
PublisherElsevier
ISBN / ASINB000RR15O6
ISBN-13978B000RR15O4
MarketplaceFrance 🇫🇷
Description
This digital document is a journal article from Journal of Mathematical Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
The private information case of a Bayesian pure exchange economy is studied. The Bayesian incentive-compatible coarse core is proved to be nonempty. On the other hand, the Bayesian incentive-compatible interim core may be empty, even for Bayesian pure exchange economies satisfying the traditional (neoclassical) assumptions. A sufficient condition for the latter's nonemptiness is established; the condition specifies relationships among effects of different type profiles.
Description:
The private information case of a Bayesian pure exchange economy is studied. The Bayesian incentive-compatible coarse core is proved to be nonempty. On the other hand, the Bayesian incentive-compatible interim core may be empty, even for Bayesian pure exchange economies satisfying the traditional (neoclassical) assumptions. A sufficient condition for the latter's nonemptiness is established; the condition specifies relationships among effects of different type profiles.
