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.
|Number of pages||25|
|Journal||Games and Economic Behavior|
|State||Published - 1 Jan 2001|
ASJC Scopus subject areas
- Economics and Econometrics