Communication, credible improvements and the core of an economy with asymmetric information
AbstractWe 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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Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 29 (2000)
Issue (Month): 1 ()
Note: Received: September 1998/revised version: June 1999
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Web page: http://link.springer.de/link/service/journals/00182/index.htm
Other versions of this item:
- Volij, Oscar, 2000. "Communication, Credible Improvements and the Core of an Economy with Asymmetric Information," Staff General Research Papers 5140, Iowa State University, Department of Economics.
- Oscar Volij, 1997. "Communication, Credible Improvements and the Core of an Economy with Asymmetric Information," Game Theory and Information 9711001, EconWPA.
- Oscar Volij, 1998. "Communication, Credible Improvements and the Core of an Economy with Asymmetric Information," Economic theory and game theory 006, Oscar Volij, revised 15 Sep 1999.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
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