The core of economies with asymmetric information [electronic resource] / Ulrich Schwalbe.

The book studies the core of exchange and production economies in which agents are asymmetrically informed about states of nature. Information is modelled as part of the commodity space. When an agent joins a coalition, his information may change according to an information rule. It is shown that fo...

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Bibliographic Details
Online Access: Full Text (via Springer)
Main Author: Schwalbe, Ulrich, 1958-
Format: Electronic eBook
Language:English
Published: Berlin ; New York : Springer, ©1999.
Series:Lecture notes in economics and mathematical systems ; 474.
Subjects:

MARC

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245 1 4 |a The core of economies with asymmetric information  |h [electronic resource] /  |c Ulrich Schwalbe. 
260 |a Berlin ;  |a New York :  |b Springer,  |c ©1999. 
300 |a 1 online resource (ix, 141 pages) :  |b illustrations. 
336 |a text  |b txt  |2 rdacontent 
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490 1 |a Lecture notes in economics and mathematical systems,  |x 0075-8442 ;  |v 474 
504 |a Includes bibliographical references and index. 
505 0 |a Introduction -- Information in Models of General Equilibrium -- Survey of the Literature -- Exchange Economies -- Production Economies. 
520 |a The book studies the core of exchange and production economies in which agents are asymmetrically informed about states of nature. Information is modelled as part of the commodity space. When an agent joins a coalition, his information may change according to an information rule. It is shown that for exchange as well as for production economies - given that the production technology satisfies a regularity condition - the core is non-empty, i.e. even in the case of asymmetric information there exist allocations unblocked by any coalition. 
650 0 |a Information theory in economics.  |0 http://id.loc.gov/authorities/subjects/sh85066293 
650 7 |a Information theory in economics.  |2 fast 
776 0 8 |i Print version:  |a Schwalbe, Ulrich, 1958-  |t Core of economies with asymmetric information.  |d Berlin ; New York : Springer, ©1999  |w (DLC) 99034903 
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