Bhowmik, Anuj (2022): On the core of an economy with arbitrary consumption sets and asymmetric information.
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Abstract
We study core allocations in a twoperiod asymmetric information mixed economy, where the consumption sets are arbitrary subsets of an ordered Banach space, and the feasibility is defined as exact. We prove that (i) the strong blocking by a generalized coalition leads to a weak blocking by some ordinary coalition, implying the equivalence between the Aubin core and the core of an economy with only negligible agents; and (ii) the core can be characterized in terms of the size (and diameter) of the blocking coalitions in an economy with only negligible agents as well as both negligible and nonnegligible agents.
Item Type:  MPRA Paper 

Original Title:  On the core of an economy with arbitrary consumption sets and asymmetric information 
English Title:  On the core of an economy with arbitrary consumption sets and asymmetric information 
Language:  English 
Keywords:  Mixed Economy; Core; Vind's theorem; Grodal's theorem 
Subjects:  D  Microeconomics > D5  General Equilibrium and Disequilibrium > D50  General D  Microeconomics > D5  General Equilibrium and Disequilibrium > D51  Exchange and Production Economies D  Microeconomics > D8  Information, Knowledge, and Uncertainty D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D82  Asymmetric and Private Information ; Mechanism Design 
Item ID:  117938 
Depositing User:  Dr. Anuj Bhowmik 
Date Deposited:  20 Jul 2023 17:31 
Last Modified:  20 Jul 2023 17:31 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/117938 
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ON THE CORE OF AN ECONOMY WITH ARBITRARY CONSUMPTION SETS AND ASYMMETRIC INFORMATION. (deposited 27 Dec 2022 14:19)
 On the core of an economy with arbitrary consumption sets and asymmetric information. (deposited 20 Jul 2023 17:31) [Currently Displayed]