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 is introduced, that requires credibility from the improvements.
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| Length: | 17 pages |
| Date of creation: | 22 Nov 1997 |
| Date of revision: | |
| Handle: | RePEc:wpa:wuwpga:9711001 |
| Note: | Type of Document - PostScript; prepared on PC-TEX; pages: 17 |
| Contact details of provider: | Web page: http://128.118.178.162
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References listed on IDEAS
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.:
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