Abstract
The paper analyzes the properties of cores with differential information, as economics converge to complete information. Two core concepts are investigated: the private core, in which agents' net trades are measurable with respect to agents' private information, and the incentive compatible core, in which coalitions of agents are restricted to incentive compatible allocations.
Original language | English (US) |
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Pages (from-to) | 451-471 |
Number of pages | 21 |
Journal | Economic Theory |
Volume | 18 |
Issue number | 2 |
DOIs | |
State | Published - 2001 |
Keywords
- Core
- Differential information
ASJC Scopus subject areas
- Economics and Econometrics