Infinite dimensional mixed economies with asymmetric information

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aut.embargofalse
aut.researcherCao, Jiling
dc.contributor.authorBhowmik, A
dc.contributor.authorCao, J
dc.date.accessioned2012-01-11T03:00:37Z
dc.date.available2012-01-11T03:00:37Z
dc.date.copyright2011-12-28
dc.date.issued2011-12-28
dc.description.abstractIn this paper, we study asymmetric information economies consisting of both non-negligible and negligible agents and having ordered Banach spaces as their commodity spaces. In answering a question of Hervés-Beloso and Moreno-García in [17], we establish a characterization of Walrasian expectations allocations by the veto power of the grand coalition. It is also shown that when an economy contains only negligible agents a Vind's type theorem on the private core with the exact feasibility can be restored. This solves a problem of Pesce in [20].
dc.identifier.citationOnline at http://mpra.ub.uni-muenchen.de/35618/MPRA Paper No. 35618, posted 28. December 2011 / 23:48
dc.identifier.urihttps://hdl.handle.net/10292/3259
dc.publisherMunich Personal RePEc Archive (MPRA), Munich University
dc.relation.ispartofseriesnumber MPRA Paper No. 35618, pp.? - ?
dc.relation.urihttp://mpra.ub.uni-muenchen.de/35618/
dc.rightsAll papers reproduced by permission. Reproduction and distribution subject to the approval of the copyright owners.
dc.rights.accessrightsOpenAccess
dc.subjectAsymmetric information
dc.subjectExactly feasible
dc.subjectEx-post core
dc.subjectMixed economy
dc.subjectNY-fine core
dc.subjectNY-private core
dc.subjectRobustly efficient allocation
dc.subjectNY-strong fine core
dc.subjectRW-fine core
dc.subjectWalrasian expectations allocation
dc.titleInfinite dimensional mixed economies with asymmetric information
dc.typeCommissioned Report
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