The bargaining set of a large economy with differential information

Citation
E. Einy et al., The bargaining set of a large economy with differential information, ECON THEORY, 18(2), 2001, pp. 473-484
Citations number
17
Categorie Soggetti
Economics
Journal title
ECONOMIC THEORY
ISSN journal
09382259 → ACNP
Volume
18
Issue
2
Year of publication
2001
Pages
473 - 484
Database
ISI
SICI code
0938-2259(200109)18:2<473:TBSOAL>2.0.ZU;2-4
Abstract
We study the Mas-Colell bargaining set of an exchange economy with differen tial information and a continuum of traders. We established the equivalence of the private bargaining set and the set of Radner competitive equilibriu m allocations. As for the weak fine bargaining set, we show that it contain s the set of competitive equilibrium allocations of an associated symmetric information economy in which each trader has the "joint information" of al l the traders in the original economy, but unlike the weak fine core and th e set of fine value allocations, it may also contain allocations which are not competitive in the associated economy.