The Core of Economies With Asymetric Information (Lecture Notes in Economics and Mathematical Systems)

The Core of Economies With Asymetric Information (Lecture Notes in Economics and Mathematical Systems)

Editorial Reviews
Book Description
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.

Book Info
Discusses central issues in economic analysis. Establishes a single generally accepted definition of the economics of information. Softcover. DLC: Information theory in economics.

The Core of Economies with Asymmetric Information (Lecture Notes in Economics and Mathematical Systems),Ulrich Schwalbe,Springer,3540660283,Business & Economics,Business / Economics / Finance,Business/Economics,Economic Theory,Economics - General,Game Theory,General,Information Economics,Information theory in economic,Information theory in economics,Equilibrium theory,Gleichgewichtstheorie,Mathematics / Game Theory,asymmetric information,asymmetrische Informationsvertelung,exchange economies

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