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The core of an economy with differential information

In: Differential Information Economies

Author

Listed:
  • Nicholas C. Yannelis

    (University of Illinois)

Abstract

Summary We introduce a new core concept for an exchange economy with differential information which is contained in the coarse core concept of Wilson (1978). We prove the existence of (i) a core allocation for an exchange economy with differential information and; (ii) an α-core strategy for a game in normal form with differential information.

Suggested Citation

  • Nicholas C. Yannelis, 2005. "The core of an economy with differential information," Studies in Economic Theory, in: Dionysius Glycopantis & Nicholas C. Yannelis (ed.), Differential Information Economies, pages 73-86, Springer.
    • Handle: RePEc:spr:steccp:978-3-540-26979-3_4
    DOI: 10.1007/3-540-26979-7_4
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    Cited by:

    1. Edwards, Robert A. & Routledge, Robert R., 2022. "Information, Bertrand–Edgeworth competition and the law of one price," Journal of Mathematical Economics, Elsevier, vol. 101(C).

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