Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072778 | Games and Economic Behavior | 2007 | 25 Pages |
Abstract
We consider a perfectly competitive ex ante economy with a continuum of agents and negligible asymmetric information. For such an economy we recast the basic classical results on the existence of Walrasian equilibrium, core equivalence, and the blocking size of coalitions. Moreover, we examine the incentive compatibility of the ex ante Pareto, core and Walrasian allocations.
Related Topics
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Economics and Econometrics
Authors
Yeneng Sun, Nicholas C. Yannelis,