Asymptotic Efficiency in Large Exchange Economies with Asymmetric Information

Citations

Cited by:

1. Adriani, Fabrizio & Deidda, Luca G., 2011. "Competition and the signaling role of prices," International Journal of Industrial Organization, Elsevier, vol. 29(4), pages 412-425, July.
   • Adriani, Fabrizio & Deidda, Luca, 2008. "Competition and the signaling role of prices," MPRA Paper 16108, University Library of Munich, Germany.
   • LG Deidda & F. Adriani, 2010. "Competition and the signaling role of prices," Working Paper CRENoS 201012, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
2. Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium Blocking in Large Quasilinear Economies," Working Papers wp2009_0911, CEMFI.
   • Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium blocking in large quasilinear economies," Working Papers 2009-12, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
   • Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium Blocking in Large Quasilinear Economies," Working Papers 2009-12, Brown University, Department of Economics.
3. Roberto Serrano & Rajiv Vohra & Oscar Volij, 2001. "On the Failure of Core Convergence in Economies with Asymmetric Information," Econometrica, Econometric Society, vol. 69(6), pages 1685-1696, November.
   • Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999. "On the Failure of Core Convergence in Economies with Asymmetric Information," Working Papers 99-22, Brown University, Department of Economics.
   • Roberto Serrano & Rajiv Vohra & Oscar Volij, 2000. "On the Failure of Core Convergence in Economies with Asymmetric Information," Econometric Society World Congress 2000 Contributed Papers 0141, Econometric Society.
   • Roberto Serrano & Rajiv Vohra & Oscar Volij, 1999. "On the Failure of Core Convergence in Economies with Asymmetric Information," Economic theory and game theory 011, Oscar Volij.
4. Vohra, Rajiv, 1999. "Incomplete Information, Incentive Compatibility, and the Core," Journal of Economic Theory, Elsevier, vol. 86(1), pages 123-147, May.
   • Rajiv Vohra, 1997. "Incomplete Information, Incentive Compatibility and the Core," Working Papers 97-11, Brown University, Department of Economics.
5. Jianbo Zhang & Zhentang Zhang, 1999. "Asymptotic Efficiency in Stackelberg Markets with Incomplete Information," CIG Working Papers FS IV 99-07, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
6. Hamid Nazerzadeh & Amin Saberi & Rakesh Vohra, 2013. "Dynamic Pay-Per-Action Mechanisms and Applications to Online Advertising," Operations Research, INFORMS, vol. 61(1), pages 98-111, February.
7. Richard McLean & Andrew Postlewaite, 2002. "Informational Size and Incentive Compatibility," Econometrica, Econometric Society, vol. 70(6), pages 2421-2453, November.
   • Richard McLean & Andrew Postlewaite, "undated". "Informational Size and Incentive Compatibility," CARESS Working Papres 99-14, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
   • Richard McLean & Andrew Postlewaite, "undated". "Informational Size and Incentive Compatibility," Penn CARESS Working Papers 7f6ff09d59945e06909ce4fa4, Penn Economics Department.
8. Martin Barner & Francesco Feri & Charles R. Plott, 2005. "On the microstructure of price determination and information aggregation with sequential and asymmetric information arrival in an experimental asset market," Annals of Finance, Springer, vol. 1(1), pages 73-107, January.
   • Barner, Martin & Feri, Francesco & Plott, Charles, 2004. "On the Microstructure of Price Determination and Information Aggregation with Sequential and Asymmetric Information Arrival in an Experimental Asset Market," Working Papers 1204, California Institute of Technology, Division of the Humanities and Social Sciences.
9. Heifetz, Aviad & Minelli, Enrico, 2002. "Informational smallness in rational expectations equilibria," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 197-218, September.
   • HEIFETZ, Aviad & MINELLI, Enrico, 1996. "Informational Smallness in Rational Expectations Equilibria," LIDAM Discussion Papers CORE 1996029, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
   • Heifetz, A & Minelli, E, 1997. "Informational Smallness in Rational Expectations Equilibria," Papers 10-97, Tel Aviv.
10. Yusuke Kamishiro & Roberto Serrano, 2008. "Information transmission and core convergence in quasilinear economies," Working Papers 2008-01, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
    • Yusuke Kamishiro & Roberto Serrano, 2008. "Information Transmission and Core Convergence in Quasilinear Economies," Working Papers 2008-5, Brown University, Department of Economics.
11. McLean, Richard P. & Postlewaite, Andrew, 2003. "Informational size and incentive compatibility with aggregate uncertainty," Games and Economic Behavior, Elsevier, vol. 45(2), pages 410-433, November.
    • Richard McLean & Andrew Postlewaite, 2001. "Informational Size and Incentive Compatibility with Aggregate Uncertainty," PIER Working Paper Archive 03-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 23 Jan 2003.
12. Song, Yangwei, 2023. "Approximate Bayesian implementation and exact maxmin implementation: An equivalence," Games and Economic Behavior, Elsevier, vol. 139(C), pages 56-87.
13. Olivier Compte & Philippe Jehiel, 2002. "On the Value of Competition in Procurement Auctions," Econometrica, Econometric Society, vol. 70(1), pages 343-355, January.
    • Compte, Olivier, 2000. "On the Value of Competition in Procurement Auctions," Econometric Society World Congress 2000 Contributed Papers 0829, Econometric Society.
14. Vives, Xavier, 2011. "A Large-Market Rational Expectations Equilibrium Model," CEPR Discussion Papers 8426, C.E.P.R. Discussion Papers.
    • Vives, Xavier, 2011. "A large-market rational expectations equilibrium model," IESE Research Papers D/924, IESE Business School.
    • Xavier Vives, 2011. "A Large-Market Rational Expectations Equilibrium Model," CESifo Working Paper Series 3485, CESifo.
15. J. Berg & M. Marsili & A. Rustichini & R. Zecchina, 2001. "Statistical mechanics of asset markets with private information," Quantitative Finance, Taylor & Francis Journals, vol. 1(2), pages 203-211.
    • Johannes Berg & Matteo Marsili & Aldo Rustichini & Riccardo Zecchina, 2001. "Statistical mechanics of asset markets with private information," Papers cond-mat/0101351, arXiv.org.
16. Hashimoto, Tadashi, 2018. "The generalized random priority mechanism with budgets," Journal of Economic Theory, Elsevier, vol. 177(C), pages 708-733.
17. Forges, Francoise & Minelli, Enrico & Vohra, Rajiv, 2002. "Incentives and the core of an exchange economy: a survey," Journal of Mathematical Economics, Elsevier, vol. 38(1-2), pages 1-41, September.
    • Francoise Forges & Enrico Minelli & Rajiv Vohra, 2000. "Incentives and the Core of an Exchange Economy: A Survey," Working Papers 2000-22, Brown University, Department of Economics.
    • FORGES, Françoise & MINELLI, Enrico & VOHRA, Rajiv, 2001. "Incentives and the core of an exchange economy: a survey," LIDAM Discussion Papers CORE 2001043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
18. Gerardi, Dino & McLean, Richard & Postlewaite, Andrew, 2009. "Aggregation of expert opinions," Games and Economic Behavior, Elsevier, vol. 65(2), pages 339-371, March.
    • Dino Gerardi & Richard McLean & Andrew Postlewaite, 2005. "Aggregation of Expert Opinions," Cowles Foundation Discussion Papers 1503, Cowles Foundation for Research in Economics, Yale University.
    • Dino Gerardi & Richard McLean & Andrew Postlewaite, 2005. "Aggregation of Expert Opinions," PIER Working Paper Archive 05-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
19. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
20. Barbera, Salvador & Jackson, Matthew O, 1995. "Strategy-Proof Exchange," Econometrica, Econometric Society, vol. 63(1), pages 51-87, January.
    • Salvador Barbera & Matthew O. Jackson, 1993. "Strategy-Proof Exchange," Discussion Papers 1021, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
21. Sun, Yeneng & Yannelis, Nicholas C., 2007. "Perfect competition in asymmetric information economies: compatibility of efficiency and incentives," Journal of Economic Theory, Elsevier, vol. 134(1), pages 175-194, May.
22. Xavier Vives, 2014. "On The Possibility Of Informationally Efficient Markets," Journal of the European Economic Association, European Economic Association, vol. 12(5), pages 1200-1239, October.
    • Vives, Xavier, 2014. "On the Possibility of Informationally Efficient Markets," IESE Research Papers D/1104, IESE Business School.
23. Luciano De Castro & Nicholas C. Yannelis, 2011. "Ambiguity aversion solves the conflict between efficiency and incentive compatibility," Economics Discussion Paper Series 1106, Economics, The University of Manchester.
24. Mark A. Satterthwaite, 1999. "Strategy-proofness and Markets," Discussion Papers 1255, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
25. Abhinay Muthoo & Suresh Mutuswami, 2011. "Imperfect Competition and Efficiency in Lemons Markets," Economic Journal, Royal Economic Society, vol. 121(552), pages 580-594, May.
    • Muthoo, Abhinay & Mutuswami, Suresh, 2007. "Imperfect Competition and Efficiency in Lemons Markets," Economics Discussion Papers 8911, University of Essex, Department of Economics.
    • Muthoo, Abhinay & Mutuswami, Suresh, 2010. "Imperfect Competition and Efficiency in Lemons Markets," Economic Research Papers 270999, University of Warwick - Department of Economics.
    • Muthoo, Abhinay & Mutuswami, Suresh, 2010. "Imperfect Competition and Efficiency in Lemons Markets," The Warwick Economics Research Paper Series (TWERPS) 939, University of Warwick, Department of Economics.
26. Rohit Rahi, 2000. "Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information," Econometric Society World Congress 2000 Contributed Papers 1468, Econometric Society.
    • Rohit Rahi & Piero Gottardi, 2001. "Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information," FMG Discussion Papers dp381, Financial Markets Group.
    • Gottardi, Piero & Rahi, Rohit, 2001. "Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information," CEPR Discussion Papers 2922, C.E.P.R. Discussion Papers.
    • Gottardi, Piero & Rahi, Rohit, 2001. "Efficiency properties of rational expectations equilibria with asymmetric information," LSE Research Online Documents on Economics 25059, London School of Economics and Political Science, LSE Library.
27. DE FEO, Giuseppe & HINDRIKS, Jean, 2005. "Efficiency of competition in insurance markets with adverse selection," LIDAM Discussion Papers CORE 2005054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Giuseppe, DE FEO & Jean, HINDRIKS, 2005. "Efficiency of Competition in Insurance Markets with Adverse Selection," Discussion Papers (ECON - Département des Sciences Economiques) 2005042, Université catholique de Louvain, Département des Sciences Economiques.
28. Kovalenkov, Alexander, 2002. "Simple Strategy-Proof Approximately Walrasian Mechanisms," Journal of Economic Theory, Elsevier, vol. 103(2), pages 475-487, April.
29. McLean, Richard & Postlewaite, Andrew, 2005. "Core convergence with asymmetric information," Games and Economic Behavior, Elsevier, vol. 50(1), pages 58-78, January.
    • Richard McLean & Andrew Postlewaite, 2003. "Core Convergence with Asymmetric Information," PIER Working Paper Archive 03-027, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
30. Nabil I. Al-Najjar & Luciano De Castro, 2010. "Uncertainty, Efficiency and Incentive Compatibility," Discussion Papers 1532, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
31. Bisin, Alberto & Gottardi, Piero, 1999. "Competitive Equilibria with Asymmetric Information," Journal of Economic Theory, Elsevier, vol. 87(1), pages 1-48, July.
    • Alberto Bisin & Piero Gottardi, 1998. "Competitive Equilibria with Asymmetric Information," Levine's Working Paper Archive 2062, David K. Levine.
32. Matthew Jackson & Ilan Kremer, 2007. "Envy-freeness and implementation in large economies," Review of Economic Design, Springer;Society for Economic Design, vol. 11(3), pages 185-198, November.
    • Jackson, Matthew O. & Kremer, Ilan, 2003. "Envy-Freeness and Implementation in Large Economies," Working Papers 1157, California Institute of Technology, Division of the Humanities and Social Sciences.
    • Matthew O. Jackson & Ilan Kremer, 2003. "Envy-Freeness and Implementation in Large Economies," Microeconomics 0303008, University Library of Munich, Germany.
33. Ehlers, Lars & Peters, Hans & Storcken, Ton, 2004. "Threshold strategy-proofness: on manipulability in large voting problems," Games and Economic Behavior, Elsevier, vol. 49(1), pages 103-116, October.
    • Ehlers,L. & Peters,Hans & Storcken,Ton, 2000. "Threshold Strategy-Proofness: On Manipulability in Large Voting Problems," Research Memorandum 038, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    • Ehlers, L.H. & Peters, H.J.M. & Storcken, A.J.A., 2016. "Threshold strategy-proofness: on manipulability in large voting problems," Research Memorandum 029, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
34. Baliga Sandeep & Vohra Rakesh, 2003. "Market Research and Market Design," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 3(1), pages 1-27, August.
    • Sandeep Baliga & Rakesh Vohra, 2010. "Market Research and Market Design," Levine's Working Paper Archive 506439000000000336, David K. Levine.
35. Hu, Tai-Wei & Wallace, Neil, 2016. "Information aggregation in a large multi-stage market game," Journal of Economic Theory, Elsevier, vol. 161(C), pages 103-144.
36. Gizatulina, Alia & Hellwig, Martin, 2010. "Informational smallness and the scope for limiting information rents," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2260-2281, November.
    • Alia Gizatulina & Martin Hellwig, 2009. "Informational Smallness and the Scope for Limiting Information Rents," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2009_28, Max Planck Institute for Research on Collective Goods.
37. Khan, M. Ali & Qiao, Lei & Rath, Kali P. & Sun, Yeneng, 2020. "Modeling large societies: Why countable additivity is necessary," Journal of Economic Theory, Elsevier, vol. 189(C).
38. Tymon Tatur, 2000. "Asymptotically Optimal Market Mechanisms," Discussion Papers 1315, Northwestern University, Center for Mathematical Studies in Economics and Management Science, revised Jan 2001.
39. Yusuke Kamishiro & Roberto Serrano, 2011. "Equilibrium Blocking in Large Quasilinear Economies," Mathematics of Operations Research, INFORMS, vol. 36(3), pages 552-567, August.
    • Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium Blocking in Large Quasilinear Economies," Working Papers wp2009_0911, CEMFI.
    • Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium Blocking in Large Quasilinear Economies," Working Papers 2009-12, Brown University, Department of Economics.
    • Yusuke Kamishiro & Roberto Serrano, 2009. "Equilibrium blocking in large quasilinear economies," Working Papers 2009-12, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
40. Widmer, Tobias & Leukel, Joerg, 2016. "Efficiency of electronic service allocation with privately known quality," European Journal of Operational Research, Elsevier, vol. 255(3), pages 856-868.
41. Krasa, Stefan & Shafer, Wayne, 2001. "Informational Robustness of Competitive Equilibria," Journal of Economic Theory, Elsevier, vol. 101(2), pages 494-518, December.
42. Song, Yangwei, 2022. "Approximate Bayesian Implementation and Exact Maxmin Implementation: An Equivalence," Rationality and Competition Discussion Paper Series 362, CRC TRR 190 Rationality and Competition.
43. Al-Najjar, Nabil I. & Smorodinsky, Rann, 2007. "The efficiency of competitive mechanisms under private information," Journal of Economic Theory, Elsevier, vol. 137(1), pages 383-403, November.