Existence and properties of a value allocation for an economy with differential information

Stefan Krasa; Nicholas C. Yannelis

doi:10.1016/0304-4068(95)00724-5

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Existence and properties of a value allocation for an economy with differential information

Journal article

Peer reviewed

Existence and properties of a value allocation for an economy with differential information

Stefan Krasa and Nicholas C. Yannelis

Journal of mathematical economics, Vol.25(2), pp.165-179

01/01/1996

DOI: 10.1016/0304-4068(95)00724-5

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Abstract

We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

Coarse and fine value allocation

Differential information economies

Private value allocation

Details

Title: Subtitle: Existence and properties of a value allocation for an economy with differential information
Creators: Stefan Krasa - University of Illinois Urbana-Champaign
Nicholas C. Yannelis - University of Illinois Urbana-Champaign
Resource Type: Journal article
Publication Details: Journal of mathematical economics, Vol.25(2), pp.165-179
Publisher: Elsevier B.V
DOI: 10.1016/0304-4068(95)00724-5
ISSN: 0304-4068
eISSN: 1873-1538
Language: English
Date published: 01/01/1996
Academic Unit: Economics
Record Identifier: 9984380422902771

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