المستودع الأكاديمي جامعة المدينة

The ex ante incentive compatible core in exchange economies with and without indivisibilities

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dc.creator Forges, Françoise
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:14Z
dc.date.available 2013-10-16T07:03:14Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19150
dc.identifier ppn:510031536
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19150
dc.description The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in the case of perfectly divisible goods. Examples then show that the ex ante incentive compatible core can be empty, even if utility functions are quasi-linear. If, in addition to quasi-linearity, further assumptions are made (like independent private values), the non-emptiness of the core follows nevertheless from d?Aspremont and Gérard-Varet?s construction of incentive compatible, ex post efficient mechanisms. We also introduce a private information version of Shapley and Scarf?s economies with indivisible goods, and prove that the ex ante incentive compatible core is always non-empty in this framework.
dc.language eng
dc.relation CESifo working papers 1686
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject D82
dc.subject C71
dc.subject C78
dc.subject ddc:330
dc.subject core
dc.subject incentive compatible mechanism
dc.subject indivisible goods
dc.subject private information
dc.subject Core
dc.subject Spieltheorie
dc.subject Asymmetrische Information
dc.subject Ökonomischer Anreiz
dc.subject Theorie
dc.title The ex ante incentive compatible core in exchange economies with and without indivisibilities
dc.type doc-type:workingPaper


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