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Incentives and the core of an exchange economy: a survey

  • Forges, Francoise
  • Minelli, Enrico
  • Vohra, Rajiv

This paper provides a general overview of the literature on the core of an exchange economy with asymetric information. Incentive compatibility is emphasized in studying core concepts at the ex ante and the interim stage.The analysis includes issues of non emptiness of the core as wellas core convergence to price equilibrium allocations.

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Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 38 (2002)
Issue (Month): 1-2 (September)
Pages: 1-41

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Handle: RePEc:eee:mateco:v:38:y:2002:i:1-2:p:1-41
Contact details of provider: Web page: http://www.elsevier.com/locate/jmateco

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