The bargaining set of a large economy with differential information

被引:0
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作者
Ezra Einy
Diego Moreno
Benyamin Shitovitz
机构
[1] Department of Economics,
[2] Ben Gurion University of the Negev,undefined
[3] Beer Sheva,undefined
[4] 84105 ISRAEL (e-mail: einy@bgumail.bgu.ac.il) ,undefined
[5] Departamento de Economía,undefined
[6] Universidad Carlos III de Madrid,undefined
[7] 28903 Getafe,undefined
[8] SPAIN (e-mail: dmoreno@eco.uc3m.es) ,undefined
[9] Department of Economics,undefined
[10] University of Haifa,undefined
[11] Haifa,undefined
[12] 31905 ISRAEL (e-mail: binya@econ.haifa.ac.il) ,undefined
来源
Economic Theory | 2001年 / 18卷
关键词
Keywords and Phrases: General equilibrium in large exchange economies with differential information, Weak fine bargaining set, Core, Value.; JEL Classification Numbers: D50, D82, C70.;
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摘要
We study the Mas-Colell bargaining set of an exchange economy with differential information and a continuum of traders. We established the equivalence of the private bargaining set and the set of Radner competitive equilibrium allocations. As for the weak fine bargaining set, we show that it contains the set of competitive equilibrium allocations of an associated symmetric information economy in which each trader has the “joint information” of all the traders in the original economy, but unlike the weak fine core and the set of fine value allocations, it may also contain allocations which are not competitive in the associated economy.
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页码:473 / 484
页数:11
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