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Information Transmission and Core Convergence in Quasilinear Economies
2008
Social Science Research Network
We study core convergence in interim quasilinear economies with asymmetric information, concentrating on core notions in which information is transmitted endogenously within coalitions and the incentive constraints are relevant. Specifically, we shall focus on the credible core and randomized mediated core concepts. We consider independent replicas of the basic economy: independent copies of the economy in which each individual's utility only depends on the information of the individuals who
doi:10.2139/ssrn.1090627
fatcat:2ty4qrjbrbcxffytlpwdpdjjha