Private value allocations in large economies with differential information

Authors
Einy, E Shitovitz, B
Citation
E. Einy et B. Shitovitz, Private value allocations in large economies with differential information, GAME ECON B, 34(2), 2001, pp. 287-311
Citations number
26
Categorie Soggetti
Economics
Journal title
GAMES AND ECONOMIC BEHAVIOR
ISSN journal
08998256 → ACNP
Volume
34
Issue
2
Year of publication
2001
Pages
287 - 311
Database
ISI
SICI code
0899-8256(200102)34:2<287:PVAILE>2.0.ZU;2-O
Abstract
We consider a Radner-type (e.g., Radner, 1968, Econometrica 36, 31-58) pure exchange economy with differential information and a continuum of agents. We show that under appropriate assumptions the set of Aumann-Shapley privat e value allocations in such an economy coincides with the set of Radner com petitive equilibrium allocations. Classification Numbers: C71, D51, D82. (C ) 2001 Academic Press.