IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1984_num_35_1_408772.html
   My bibliography  Save this article

Information imparfaite et rationalité collective

Author

Listed:
  • Jean-Jacques Laffont

Abstract

[eng] Collective rationality under incomplete information . Jean-Jacques Laffont. This paper discusses a notion of collective rationality when information is decentralized. It is claimed that the collective decision maker must elicit in an incentive compatible way the information privately own if he wants to use it. The concept of incentive compatible Pareto optimum is then illustrated in an example which analyses the normative properties of price revealing rational expectations equilibria. [fre] Cette note propose une notion de rationalité collective lorsque dans un système économique l'information est décentralisée. Il est postulé que l'agent collectif décideur doit obtenir de façon incitative cette information détenue privativement s'il veut l'utiliser. Le concept d'optimum de Pareto incitatif est ensuite illustré dans un exemple qui analyse les propriétés normatives de l'équilibre à anticipations rationnelles qui transmet de l'information par les prix.

Suggested Citation

  • Jean-Jacques Laffont, 1984. "Information imparfaite et rationalité collective," Revue Économique, Programme National Persée, vol. 35(1), pages 163-176.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1984_num_35_1_408772
    as

    Download full text from publisher

    File URL: https://www.persee.fr/doc/reco_0035-2764_1984_num_35_1_408772
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Myerson, Roger B, 1983. "Mechanism Design by an Informed Principal," Econometrica, Econometric Society, vol. 51(6), pages 1767-1797, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bernard Belloc, 1986. "Quelques aspects normatifs du problème d'Akerlof. Un exemple," Revue Économique, Programme National Persée, vol. 37(5), pages 783-804.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Innes, Robert, 1987. "Adverse Selection And Tax Externalities In A Model Of Entrepreneurial Investment," Working Papers 225812, University of California, Davis, Department of Agricultural and Resource Economics.
    2. Koessler, Frédéric & Skreta, Vasiliki, 2016. "Informed seller with taste heterogeneity," Journal of Economic Theory, Elsevier, vol. 165(C), pages 456-471.
    3. Eduardo Perez & Delphine Prady, 2012. "Complicating to Persuade?," Working Papers hal-03583827, HAL.
    4. Eduardo Perez-Richet, 2014. "Interim Bayesian Persuasion: First Steps," American Economic Review, American Economic Association, vol. 104(5), pages 469-474, May.
    5. Dirk Bergemann & Stephen Morris, 2019. "Information Design: A Unified Perspective," Journal of Economic Literature, American Economic Association, vol. 57(1), pages 44-95, March.
    6. Smolin, Alex & Ichihashi, Shota, 2022. "Data Collection by an Informed Seller," TSE Working Papers 22-1330, Toulouse School of Economics (TSE).
    7. Lazear, Edward, 2003. "Output-Based Pay: Incentives, Retention or Sorting?," IZA Discussion Papers 761, Institute of Labor Economics (IZA).
    8. Vasconcelos, Luís, 2014. "Contractual signaling, relationship-specific investment and exclusive agreements," Games and Economic Behavior, Elsevier, vol. 87(C), pages 19-33.
    9. Watson, Joel, 2002. "Starting Small and Commitment," Games and Economic Behavior, Elsevier, vol. 38(1), pages 176-199, January.
    10. Andreas Haupt & Zoe Hitzig, 2023. "Opaque Contracts," Papers 2301.13404, arXiv.org.
    11. Skreta, Vasiliki & Koessler, Frédéric, 2021. "Information Design by an Informed Designer," CEPR Discussion Papers 15709, C.E.P.R. Discussion Papers.
    12. Jin Yeub Kim, 2022. "Neutral public good mechanisms," PLOS ONE, Public Library of Science, vol. 17(4), pages 1-16, April.
    13. Grüner, Hans Peter & Engelmann, Dirk, 2013. "Tailored Bayesian Mechanisms: Experimental Evidence from Two-Stage Voting Games," CEPR Discussion Papers 9544, C.E.P.R. Discussion Papers.
    14. Sergei Severinov & Grigory Kosenok, 2004. "Individually Rational, Balanced-Budget Bayesian Mechanisms and the," 2004 Meeting Papers 633, Society for Economic Dynamics.
    15. Shota Ichihashi & Alex Smolin, 2022. "Data Provision to an Informed Seller," Papers 2204.08723, arXiv.org, revised Mar 2023.
    16. Michela Cella, 2011. "Monitoring subcontracting in a suppliers' hierarchy," Oxford Economic Papers, Oxford University Press, vol. 63(3), pages 523-548, July.
    17. Eric van Damme & Xu Lang, 2022. "Two-Person Bargaining when the Disagreement Point is Private Information," Papers 2211.06830, arXiv.org, revised Jan 2024.
    18. Radner, Roy, 1991. "Dynamic games in organization theory," Journal of Economic Behavior & Organization, Elsevier, vol. 16(1-2), pages 217-260, July.
    19. Sobel, Joel, 2017. "A note on pre-play communication," University of California at San Diego, Economics Working Paper Series qt68d1t1xg, Department of Economics, UC San Diego.
    20. Celik, Gorkem, 2009. "Mechanism design with collusive supervision," Journal of Economic Theory, Elsevier, vol. 144(1), pages 69-95, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1984_num_35_1_408772. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.