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dc.contributor.authorKamishiro, Yusukeen
dc.contributor.authorSerrano, Robertoen
dc.date.accessioned2010-02-25-
dc.date.accessioned2012-09-17T11:30:47Z-
dc.date.available2012-09-17T11:30:47Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aBrown University, Department of Economics |cProvidence, RIen
dc.relation.ispartofseries|aWorking Paper |x2008-5en
dc.subject.jelC71en
dc.subject.jelC72en
dc.subject.jelD51en
dc.subject.jelD82en
dc.subject.ddc330en
dc.subject.keywordCore Convergenceen
dc.subject.keywordInformation Transmissionen
dc.subject.keywordCoalitional Voting Mechanismsen
dc.subject.keywordMediationen
dc.subject.keywordRational Expectations Equilibriumen
dc.titleInformation transmission and core convergence in quasilinear economies-
dc.typeWorking Paperen
dc.identifier.ppn571838847en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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