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Private information, transferable utility,and the core

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  • S. D. Flåm.
  • L. Koutsougeras

Abstract

Considered here are transferable-utility, coalitional production or market games, featuring differently informed players. It is assumed that personalized contracts must comply with idiosyncratic information. The setting may create two sorts of shadow prices: one for material endowments, the other for knowledge. Focus is on specific, computable solutions that are generated by such prices and belong to the private core. Solutions of that sort obtain under standard regularity assumptions.
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Suggested Citation

  • S. D. Flåm. & L. Koutsougeras, 2007. "Private information, transferable utility,and the core," Economics Discussion Paper Series 0703, Economics, The University of Manchester.
    • Handle: RePEc:man:sespap:0703
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    File URL: http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-0703.pdf
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    References listed on IDEAS

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    Cited by:

    1. Gonzalez, Stéphane & Grabisch, Michel, 2016. "Multicoalitional solutions," Journal of Mathematical Economics, Elsevier, vol. 64(C), pages 1-10.
    2. Didrik Flåm, Sjur, 2012. "Coupled projects, core imputations, and the CAPM," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 170-176.
    3. Sjur Didrik Flåm, 2013. "Reaching Market Equilibrium Merely by Bilateral Barters," CESifo Working Paper Series 4504, CESifo.
    4. Flåm, Sjur Didrik, 2015. "Bilateral exchange and competitive equilibrium," Working Papers in Economics 05/15, University of Bergen, Department of Economics.
    5. Flåm, Sjur Didrik & Gramstad, Kjetil, 2012. "Direct Exchange in Linear Economies," Working Papers in Economics 05/12, University of Bergen, Department of Economics.

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    More about this item

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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