Core equivalence in economy under awareness

• Autorzy: Takashi Matsuhisa
• Języki publikacji: EN

Abstrakty

EN

The extended notion of pure exchange economy under uncertainty, called an economy with awareness structure, is presented, where each trader having strictly monotone preferences makes decision under his/her awareness and belief. We show an extension of the core equivalence theorem: The ex-post core coincides with the set of all generalized expectations equilibria in awareness for the economy.

Kategorie tematyczne

• 03B45: Modal logic (including the logic of norms)
• 91B60: Trade models
• 91B50: General equilibrium theory

• Wydawca: Institute of Mathematics Polish Academy of Sciences
• Czasopismo: Banach Center Publications
• Rocznik: 2006
• Tom: 71
• Numer: 1
• Strony: 227-235

Daty

wydano

2006

Twórcy

autor

Takashi Matsuhisa

• Department of Natural Sciences, Ibaraki National College of Technology, Nakane 866, Hitachinaka-shi, Ibaraki 312-8508, Japan

Identyfikatory

DOI

10.4064/bc71-0-18