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MONEY AND MIDDLEMEN IN AN ECONOMY WITH PRIVATE INFORMATION

โœ Scribed by Yiting Li


Book ID
110929548
Publisher
Oxford University Press
Year
1999
Tongue
English
Weight
1017 KB
Volume
37
Category
Article
ISSN
0095-2583

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โœ Lu Hong ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› Springer ๐ŸŒ English โš– 712 KB

This paper considers the problem of implementation for exchange economies with state dependent feasible sets. Agents are assumed to have private information about their endowments. We provide necessary and sufficient conditions for social choice rules that are Bayesian implementable by feasible mech