Bhowmik, Anuj and Cao, Jiling (2011): Infinite dimensional mixed economies with asymmetric information.

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Abstract
In this paper, we study asymmetric information economies consisting of both nonnegligible and negligible agents and having ordered Banach spaces as their commodity spaces. In answering a question of HervesBeloso and MorenoGarcia 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].
Item Type:  MPRA Paper 

Original Title:  Infinite dimensional mixed economies with asymmetric information 
English Title:  Infinite dimensional mixed economies with asymmetric information 
Language:  English 
Keywords:  Asymmetric information; Exactly feasible; Expost core; mixed economy; NYfine core; NYprivate core; Robustly efficient allocation; NYstrong fine core; RWfine core; Walrasian expectations allocation 
Subjects:  C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C71  Cooperative Games D  Microeconomics > D4  Market Structure and Pricing > D41  Perfect Competition D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D82  Asymmetric and Private Information; Mechanism Design D  Microeconomics > D5  General Equilibrium and Disequilibrium > D51  Exchange and Production Economies D  Microeconomics > D4  Market Structure and Pricing > D43  Oligopoly and Other Forms of Market Imperfection 
Item ID:  35618 
Depositing User:  Jiling Cao 
Date Deposited:  29. Dec 2011 04:32 
Last Modified:  16. Feb 2013 00:29 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/35618 