Communication, Credible Improvements and the Core of an Economy with Asymmetric Information
We analyze an economy with asymmetric information and endogenize the possibilities for information transmission between members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The internal consistency of the improvements is considered and an Internally Consistent Core, which requires credibility from the improvements is introduced.
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||01 Jan 2000|
|Date of revision:|
|Publication status:||Published in International Journal of Game Theory 2000, vol. 29, pp. 63-79|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sergiu Hart & Yair Tauman, 1997.
"Market Crashes Without External Shocks,"
Game Theory and Information
9703009, EconWPA, revised 23 Apr 1997.
- Holmstrom, Bengt & Myerson, Roger B, 1983.
"Efficient and Durable Decision Rules with Incomplete Information,"
Econometric Society, vol. 51(6), pages 1799-819, November.
- Bengt Holmstrom & Roger B. Myerson, 1981. "Efficient and Durable Decision Rules with Incomplete Information," Discussion Papers 495, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Rajiv Vohra & Bhaskar Dutta, 2003.
"Incomplete Information, Credibility and the Core,"
2003-21, Brown University, Department of Economics.
- Bernheim, B. Douglas & Peleg, Bezalel & Whinston, Michael D., 1987. "Coalition-Proof Nash Equilibria I. Concepts," Journal of Economic Theory, Elsevier, vol. 42(1), pages 1-12, June.
- Paul Milgrom & Nancy L.Stokey, 1979.
"Information, Trade, and Common Knowledge,"
377R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- John Geanakoplos & Heracles M. Polemarchakis, 1982.
"We Can't Disagree Forever,"
Cowles Foundation Discussion Papers
639, Cowles Foundation for Research in Economics, Yale University.
- Rajiv Vohra, 1997.
"Incomplete Information, Incentive Compatibility and the Core,"
97-11, Brown University, Department of Economics.
- Vohra, Rajiv, 1999. "Incomplete Information, Incentive Compatibility, and the Core," Journal of Economic Theory, Elsevier, vol. 86(1), pages 123-147, May.
- Stefan KRASA, 1997. "Efficiency with Incomplete Information," Vienna Economics Papers vie9707, University of Vienna, Department of Economics.
- Ray, Debraj, 1989. "Credible Coalitions and the Core," International Journal of Game Theory, Springer;Game Theory Society, vol. 18(2), pages 185-87.
When requesting a correction, please mention this item's handle: RePEc:isu:genres:5140. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Curtis Balmer)
If references are entirely missing, you can add them using this form.