Download This PaperCore Convergence with Asymmetric Information
23 Pages Posted: 17 Nov 2003
Date Written: October 30, 2003
Abstract
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.
Keywords: Core, Asymmetric Information, Incentive Compatibility, Exchange Economy
JEL Classification: C71, D82, D51
Suggested Citation: Suggested Citation
McLean, Richard P. and Postlewaite, Andrew, Core Convergence with Asymmetric Information (October 30, 2003). Available at SSRN: https://ssrn.com/abstract=469084 or http://dx.doi.org/10.2139/ssrn.469084
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