Existence and properties of a value allocation for an economy with differential information

Stefan Krasa; Nicholas C. Yannelis

doi:10.1016/0304-4068(95)00724-5

Existence and properties of a value allocation for an economy with differential information

Stefan Krasa
, Nicholas C. Yannelis

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

Original language	English (US)
Pages (from-to)	165-179
Number of pages	15
Journal	Journal of Mathematical Economics
Volume	25
Issue number	2
DOIs	https://doi.org/10.1016/0304-4068(95)00724-5
State	Published - 1996

Keywords

Coarse and fine value allocation
Differential information economies
Private value allocation

ASJC Scopus subject areas

Economics and Econometrics
Applied Mathematics

Online availability

10.1016/0304-4068(95)00724-5

Library availability

Discover UIUC Full Text

Cite this

@article{2afe2afa2cf14fcd9a2eb5612b7c96e0,

title = "Existence and properties of a value allocation for an economy with differential information",

abstract = "We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.",

keywords = "Coarse and fine value allocation, Differential information economies, Private value allocation",

author = "Stefan Krasa and Yannelis, \{Nicholas C.\}",

note = "We wish to thank two anonymous refereesf or helpful comments.A s always we are responsible for any remaining errors. This research was supported by the Campus ResearchB oard of the University of Illinois.",

year = "1996",

doi = "10.1016/0304-4068(95)00724-5",

language = "English (US)",

volume = "25",

pages = "165--179",

journal = "Journal of Mathematical Economics",

issn = "0304-4068",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - Existence and properties of a value allocation for an economy with differential information

AU - Krasa, Stefan

AU - Yannelis, Nicholas C.

N1 - We wish to thank two anonymous refereesf or helpful comments.A s always we are responsible for any remaining errors. This research was supported by the Campus ResearchB oard of the University of Illinois.

PY - 1996

Y1 - 1996

N2 - We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

AB - We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

KW - Coarse and fine value allocation

KW - Differential information economies

KW - Private value allocation

UR - https://www.scopus.com/pages/publications/0030523335

UR - https://www.scopus.com/pages/publications/0030523335#tab=citedBy

U2 - 10.1016/0304-4068(95)00724-5

DO - 10.1016/0304-4068(95)00724-5

M3 - Article

AN - SCOPUS:0030523335

SN - 0304-4068

VL - 25

SP - 165

EP - 179

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

IS - 2

ER -

Existence and properties of a value allocation for an economy with differential information

Abstract

Keywords

ASJC Scopus subject areas

Online availability

Library availability

Related links

Fingerprint

Cite this