Communication, credible improvements and the core of an economy with asymmetric information

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Communication, credible improvements and the core of an economy with asymmetric information

Author Info

Oscar Volij () (Economics Department, Brown University, Providence, Rhode Island 02912-B, USA Department of Economics, The Hebrew University of Jerusalem, Jerusalem 91905, Israel)

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Oscar Volij

Abstract

We analyze an economy with asymmetric information and endogenize the possibilities for information transmission between members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The internal consistency of the improvements is considered and an Internally Consistent Core, which requires credibility from the improvements is introduced.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 29 (2000)
Issue (Month): 1 ()
Pages: 63-79
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Handle: RePEc:spr:jogath:v:29:y:2000:i:1:p:63-79

Note: Received: September 1998/revised version: June 1999
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Rajiv Vohra & Bhaskar Dutta, 2003. "Incomplete Information, Credibility and the Core," Working Papers 2003-21, Brown University, Department of Economics. [Downloadable!]
Other versions:
- Bhaskar Dutta & Rajiv Vohra, 2001. "Incomplete Information, Credibility and the Core," Working Papers 2001-02, Brown University, Department of Economics. [Downloadable!]
- Dutta, Bhaskar & Vohra, Rajiv, 2005. "Incomplete information, credibility and the core," Mathematical Social Sciences, Elsevier, vol. 50(2), pages 148-165, September. [Downloadable!] (restricted)
Roberto Serrano & Rajiv Vohra, 2005. "Information Transmission In Coalitional Voting Games," Economics Working Papers we055726, Universidad Carlos III, Departamento de Economía. [Downloadable!]
Other versions:
- Roberto Serrano & Rajiv Vohra, 2005. "Information Transmission in Coalitional Voting Games," Economics Working Papers 0050, Institute for Advanced Study, School of Social Science. [Downloadable!]
- Rajiv Vohra & Roberto Serrano, 2004. "Information Transmission in Coalitional Voting Games," Econometric Society 2004 North American Summer Meetings 519, Econometric Society.
- Roberto Serrano & Rajiv Vohra, 2005. "Information Transmission in Coalitional Voting Games," Working Papers 2005-01, Brown University, Department of Economics. [Downloadable!]
- Serrano, Roberto & Vohra, Rajiv, 2007. "Information transmission in coalitional voting games," Journal of Economic Theory, Elsevier, vol. 134(1), pages 117-137, May. [Downloadable!] (restricted)
FORGES, Franoise & MERTENS, Jean-Franois & VOHRA, Rajiv, 2001. "The ex ante incentive compatible core in the absence of wealth effects," CORE Discussion Papers 2001001, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
Other versions:
- Francoise Forges & Jean-Francois Mertens & Rajiv Vohra, 2001. "The Ex Ante Incentive Compatible Core in the absence of wealth effects," Working Papers 2001-01, Brown University, Department of Economics. [Downloadable!]
- Francoise Forges & Jean-Francois Mertens & Rajiv Vohra, 2002. "The Ex Ante Incentive Compatible Core in the Absence of Wealth Effects," Econometrica, Econometric Society, vol. 70(5), pages 1865-1892, September. [Downloadable!] (restricted)
Francoise Forges & Enrico Minelli & Rajiv Vohra, 2000. "Incentives and the Core of an Exchange Economy: A Survey," Working Papers 2000-22, Brown University, Department of Economics. [Downloadable!]
Other versions:
- FORGES, Franoise & MINELLI, Enrico & VOHRA, Rajiv, 2001. "Incentives and the core of an exchange economy: a survey," CORE Discussion Papers 2001043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE). [Downloadable!]
- Forges, Francoise & Minelli, Enrico & Vohra, Rajiv, 2002. "Incentives and the core of an exchange economy: a survey," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 1-41, September. [Downloadable!] (restricted)

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