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Core and equilibria under ambiguity
Journal article   Peer reviewed

Core and equilibria under ambiguity

Luciano I. de Castro, Marialaura Pesce and Nicholas C. Yannelis
Economic theory, Vol.48(2-3), pp.519-548
10/01/2011
DOI: 10.1007/s00199-011-0637-3

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Abstract

This paper introduces new core and Walrasian equilibrium notions for an asymmetric information economy with non-expected utility preferences. We prove existence and incentive compatibility results for the notions we introduce. We also discuss a framework for ex ante, interim and ex post preferences.
Business & Economics Economics Social Sciences

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