EXISTENCE AND PROPERTIES OF A VALUE ALLOCATION FOR AN ECONOMY WITH DIFFERENTIAL INFORMATION

Authors
KRASA S YANNELIS NC
Citation
S. Krasa et Nc. Yannelis, EXISTENCE AND PROPERTIES OF A VALUE ALLOCATION FOR AN ECONOMY WITH DIFFERENTIAL INFORMATION, Journal of mathematical economics, 25(2), 1996, pp. 165-179
Citations number
15
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics,"Mathematical, Methods, Social Sciences
Journal title
Journal of mathematical economics → ACNP
ISSN journal
03044068
Volume
25
Issue
2
Year of publication
1996
Pages
165 - 179
Database
ISI
SICI code
0304-4068(1996)25:2<165:EAPOAV>2.0.ZU;2-3
Abstract
We prove the existence of a private value allocation for an economy wi th differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the e xistence, non-existence, and properties of two alternative value alloc ation concepts.