Core Convergence with Asymmetric Information
Richard P. McLean
Rutgers University - Department of Economics
University of Pennsylvania - Department of Economics
October 30, 2003
PIER Working Paper No. 03-027
We analyze the ex ante incentive compatible core for replicated private information economies. We show that any allocation in the core when the economy is replicated sufficiently often is approximately Walrasian for the associated Arrow-Debreu economy.
Number of Pages in PDF File: 23
Keywords: Core, Asymmetric Information, Incentive Compatibility, Exchange Economy
JEL Classification: C71, D82, D51working papers series
Date posted: November 17, 2003
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