Interim efficient allocations under uncertainty.

This paper considers an exchange economy under uncertainty with asymmetric information. Uncertainty is represented by multiple priors and posteriors of agents who have either Bewley's incomplete preferences or Gilboa-Schmeidler's maximin expected utility preferences. The main results characterize in...

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Bibliographic Details

Published in:	Journal of Economic Theory Vol. 144; no. 1; pp. 337 - 354
Main Authors:	Kajii, Atsushi, Ui, Takashi
Format:	Article
Published:	Academic Press Inc. January 2009
Subjects:	Information theory in economics Resource allocation > Mathematical models Uncertainty Economics
Online Access:	View this record in EBSCOhost