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Core and equilibria under ambiguity |
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| Authors: | Luciano I. de Castro Marialaura Pesce Nicholas C. Yannelis |
| Affiliation: | 1. Department of Managerial Economics and Decision Sciences, Northwestern University, Evanston, IL, 60208, USA 2. Dipartimento di Matematica e Statistica and CSEF, Universit?? di Napoli Federico II, 81026, Napoli, Italy 3. Economics??School of Social Sciences, The University of Manchester, Oxford Road, Manchester, M13 9PL, UK |
| Abstract: | This paper introduces new core and Walrasian equilibrium notions for an asymmetric information economy with non-expected utility preferences. We prove existence and incentive compatibility results for the notions we introduce. We also discuss a framework for ex ante, interim and ex post preferences. |
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