Communication, credible improvements and the Core of an economy with asymmetric information

Oscar Volij

doi:10.1007/s001820050005

Communication, credible improvements and the Core of an economy with asymmetric information

Oscar Volij

Research output: Contribution to journal › Article › peer-review

14 Scopus citations

Abstract

We analyze an economy with asymmetric information and endogenize the possibilities for information transmission between members of a coalition. We then define a concept of the Core that takes into account these communication possibilities. The internal consistency of the improvements is considered and an Internally Consistent Core, which requires credibility from the improvements is introduced.

Original language	English
Pages (from-to)	63-79
Number of pages	17
Journal	International Journal of Game Theory
Volume	29
Issue number	1
DOIs	https://doi.org/10.1007/s001820050005
State	Published - 1 Jan 2000
Externally published	Yes

Keywords

Asymmetric information
Common knowledge
Core

ASJC Scopus subject areas

Statistics and Probability
Mathematics (miscellaneous)
Social Sciences (miscellaneous)
Economics and Econometrics
Statistics, Probability and Uncertainty

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10.1007/s001820050005

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KW - Common knowledge

KW - Core

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Communication, credible improvements and the Core of an economy with asymmetric information

Abstract

Keywords

ASJC Scopus subject areas

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