Perfect competition in asymmetric information economies: compatibility of efficiency and incentives
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Publication:2373772
DOI10.1016/J.JET.2006.03.001zbMATH Open1158.91421OpenAlexW2152369534MaRDI QIDQ2373772FDOQ2373772
Authors: Yeneng Sun, Nicholas C. Yannelis
Publication date: 16 July 2007
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2006.03.001
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asymmetric informationperfect competitionincentive compatibilityPareto efficiencynegligible private informationwalrasian allocation
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- Differential information economies
- Private information in large economies
- Asymptotic Efficiency in Large Exchange Economies With Asymmetric Information
- Differential information economies: Introduction
- Efficiency and incentive compatibility in differential information economies
- Informational robustness of competitive equilibria.
Cited In (27)
- Monte Carlo sampling processes and incentive compatible allocations in large economies
- Conditional expectation of correspondences and economic applications
- Asymptotic Efficiency in Large Exchange Economies With Asymmetric Information
- Complementary monopolies with asymmetric information
- Mechanism design with ambiguous transfers: an analysis in finite dimensional naive type spaces
- Efficient allocations in economies with asymmetric information when the realized frequency of types is common knowledge
- On the closed-graph property of the Nash equilibrium correspondence in a large game: a complete characterization
- Existence, incentive compatibility and efficiency of the rational expectations equilibrium
- On the space of players in idealized limit games
- Vickrey-Clarke-Groves mechanisms and perfect competition
- Markets and contracts
- Informational Size and Incentive Compatibility
- Title not available (Why is that?)
- A bargaining model in general equilibrium
- Randomization under ambiguity: efficiency and incentive compatibility
- Equilibria and incentives in private information economies
- Ex ante efficiency implies incentive compatibility
- Monte Carlo simulation of macroeconomic risk with a continuum of agents: the general case
- The generalized random priority mechanism with budgets
- On Competitive Equilibria with Asymmetric Information
- ANNIVERSARY ARTICLE: A Perspective on “Asymmetric Information, Incentives and Intrafirm Resource Allocation”
- Persuasion in an asymmetric information economy: a justification of Wald's maxmin preferences
- On pure-strategy Nash equilibria in large games
- Asset market equilibrium with short-selling and differential information
- Uncertainty, efficiency and incentive compatibility: ambiguity solves the conflict between efficiency and incentive compatibility
- Entry and social efficiency under Bertrand competition and asymmetric information
- Core, equilibria and incentives in large asymmetric information economies
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