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Incentives and the Core of an Exchange Economy: A Survey

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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File URL: http://www.econ.brown.edu/~rvohra/papers/wp2000-22.pdf
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Paper provided by Brown University, Department of Economics in its series Working Papers with number 2000-22.

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Date of creation: 2000
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Handle: RePEc:bro:econwp:2000-22
Contact details of provider: Postal: Department of Economics, Brown University, Providence, RI 02912

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  19. Oscar Volij, 2000. "Communication, credible improvements and the core of an economy with asymmetric information," International Journal of Game Theory, Springer, vol. 29(1), pages 63-79.
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  22. Chiaki Hara, 2000. "An Equivalence Theorem for the Anonymous Core," Econometric Society World Congress 2000 Contributed Papers 1634, Econometric Society.
  23. Postlewaite, Andrew & Schmeidler, David, 1986. "Implementation in differential information economies," Journal of Economic Theory, Elsevier, vol. 39(1), pages 14-33, June.
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  29. Tatsuro Ichiishi & Murat R. Sertel, 1996. "Cooperative Interim Contract and Re-Contract: Chandler's M-Form Firm," Working Papers 012, Ohio State University, Department of Economics.
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  39. d'Aspremont, Claude & Cremer, Jacques & Gerard-Varet, Louis-Andre, 1990. "Incentives and the existence of Pareto-optimal revelation mechanisms," Journal of Economic Theory, Elsevier, vol. 51(2), pages 233-254, August.
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  43. Allen, Beth, 1993. "4. Market Games with Asymmetric Information : Verification and the Publicly Predictable Information Core," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 34(Special I), pages 101-122, December.
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