Private Value Allocations in Large Economies with Differential Information

Ezra Einy, Benyamin Shitovitz

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

We consider a Radner-type (e.g., Radner, 1968, Econometrica 36, 31-58) pure exchange economy with differential information and a continuum of agents. We show that under appropriate assumptions the set of Aumann-Shapley private value allocations in such an economy coincides with the set of Radner competitive equilibrium allocations. Journal of Economic Literature Classification Numbers: C71, D51, D82.

Original languageEnglish
Pages (from-to)287-311
Number of pages25
JournalGames and Economic Behavior
Volume34
Issue number2
DOIs
StatePublished - 1 Jan 2001

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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