Item description for The Core of Economies with Asymmetric Information (Lecture Notes in Economics and Mathematical Systems) by 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 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.
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Est. Packaging Dimensions: Length: 9.32" Width: 6.15" Height: 0.4" Weight: 0.6 lbs.
Release Date Sep 29, 1999
ISBN 3540660283 ISBN13 9783540660286
Availability 88 units. Availability accurate as of Oct 25, 2016 01:04.
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More About Ulrich Schwalbe
Ulrich Schwalbe was born in 1958 and has an academic affiliation as follows - Professor of Economics, Universit??t Bonn Professor of Economics, Univ.