Private information: Similarity as compatibility
The question about the continuity of economic behavior with respect to variations in the characteristics of the agents is a classic problem in economic theory. Economies with similar agents should generate similar outcomes. The authors consider a differential information economy with a finite number of agents. The private information of each agent is a finite partition of a compact and metrizable space of states of the world. The topology of common information is generated by a function which is defined as the sum of the Boylan distances [see \textit{E.S. Boylan} [Ann. Math. Stat. 42, 552--559 (1971; Zbl 0218.60049)] from each information field to the common information. Such topology allows the authors to establish upper semicontinuity of the Walrasian expectations equilibrium [\textit{R. Radner}, Econometrica 36, 31--58 (1968; Zbl 0167.18601)] and of the private core [\textit{N. C. Yannelis}, Econ. Theory 1, No.~2, 183--197 (1991; Zbl 0810.90013)].
- On the continuity of equilibrium and core correspondences in economies with differential information
- Similarity of differential information with subjective prior beliefs
- Similarity of information and behavior with a pointwise convergence topology
- Continuity properties of the private core
- scientific article; zbMATH DE number 3845294
- An extensive form interpretation of the private core
- Competitive Equilibrium Under Uncertainty
- Continuity Properties of the Core of a Market
- Continuity properties of the private core
- Convergence of information, random variables and noise
- Core concepts in economies where information is almost complete
- Equiconvergence of Martingales
- Equilibrium concepts in differential information economies
- scientific article; zbMATH DE number 1351867 (Why is no real title available?)
- On the continuity of equilibrium and core correspondences in economies with differential information
- Similarity of information and behavior with a pointwise convergence topology
- The core of an economy with differential information
- Upper Hemi-Continuity of the Equilibrium-Set Correspondence for Pure Exchange Economies
- Similarity of information and behavior with a pointwise convergence topology
- Epistemic foundations for set-algebraic representations of knowledge
- Continuity properties of the private core
- An entropy-based information sharing rule for asymmetric information economies
- scientific article; zbMATH DE number 3845294 (Why is no real title available?)
- General equilibrium in economies with differential information and uncertain delivery
- Bayesian information topologies
- Similarity of differential information with subjective prior beliefs
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