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dc.contributor.authorKamishiro, Yusukeen_US
dc.contributor.authorSerrano, Robertoen_US
dc.date.accessioned2010-02-25en_US
dc.date.accessioned2012-09-17T11:30:47Z-
dc.date.available2012-09-17T11:30:47Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/62609-
dc.description.abstractWe 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 belong to the same copy. We provide an example in which core convergence does not obtain for the Dutta-Vohra credible core and for Myerson's randomized mediated core. On the other hand, we establish a positive convergence result for a refinement of Myerson's core for which information disseminates across coalitions within a given random blocking mechanism. Under some conditions, this core converges to the set of incentive compatible ex-post Walrasian allocations.en_US
dc.language.isoengen_US
dc.publisherBrown Univ., Dep. of Economics Providence, RIen_US
dc.relation.ispartofseriesWorking Paper, Brown University, Department of Economics 2008-5en_US
dc.subject.jelC71en_US
dc.subject.jelC72en_US
dc.subject.jelD51en_US
dc.subject.jelD82en_US
dc.subject.ddc330en_US
dc.subject.keywordCore Convergenceen_US
dc.subject.keywordInformation Transmissionen_US
dc.subject.keywordCoalitional Voting Mechanismsen_US
dc.subject.keywordMediationen_US
dc.subject.keywordRational Expectations Equilibriumen_US
dc.titleInformation transmission and core convergence in quasilinear economiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn571838847en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Papers, Department of Economics, Brown University

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