Private Value Allocations in Large Economies with Differential Information |
| |
| Authors: | Ezra Einy Benyamin Shitovitz |
| |
| Institution: | a Department of Economics, Ben-Gurion University of the Negev, 84105, Beer Sheva, Israel;b Department of Economics, University of Haifa, Mount Carmel, 31905, Haifa, Israel |
| |
| Abstract: | We consider a Radner-type (e.g., Radner, 1968, Econometrica36, 31–58) pure exchange economy with differential information and a continuum of agents. We show that under appropriate assumptions the set of Aumann–Shapley private value allocations in such an economy coincides with the set of Radner competitive equilibrium allocations. Journal of Economic Literature Classification Numbers: C71, D51, D82. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
