Bhowmik, Anuj and Centrone, Francesca and Martellotti, Anna (2016): Coalitional Extreme Desirability in Finitely Additive Economies with Asymmetric Information.

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Abstract
We prove a coalitional coreWalras equivalence theorem for an asymmetric information exchange economy with a finitely additive measure space of agents, finitely many states of nature, and an infinite dimensional commodity space having the RadonNikodym property and whose positive cone has possibly empty interior. The result is based on a new cone condition, firstly developed in Centrone and Martellotti (2015), called coalitional extreme desirability. As a consequence, we also derive a new individualistic coreWalras equivalence result.
Item Type:  MPRA Paper 

Original Title:  Coalitional Extreme Desirability in Finitely Additive Economies with Asymmetric Information 
English Title:  Coalitional Extreme Desirability in Finitely Additive Economies with Asymmetric Information 
Language:  English 
Keywords:  Asymmetric information; Coalitional economies; CoreWalras equivalence; Extremely desirable commodity; Finitely additive measure; Walrasian expectation equilibria; Private core; RadonNikodym property. 
Subjects:  D  Microeconomics > D5  General Equilibrium and Disequilibrium > D51  Exchange and Production Economies D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D82  Asymmetric and Private Information ; Mechanism Design 
Item ID:  71084 
Depositing User:  Dr. Anuj Bhowmik 
Date Deposited:  08 May 2016 06:01 
Last Modified:  08 May 2016 06:02 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/71084 