Informational Size and Incentive Compatibility.

We examine a general equilibrium model with asymmetrically informed agents. The presence of asymmetric information generally presents a conflict between incentive compatibility and Pareto efficiency. We present a notion of informational size and show that the conflict between incentive compatibility...

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Detalles Bibliográficos

Publicado en:	Econometrica Vol. 70; no. 6; pp. 2421 - 2454
Autores principales:	McLean, Richard, Postlewaite, Andrew
Formato:	Artículo
Publicado:	Wiley-Blackwell November 2002
Materias:	Resource allocation > Mathematical models Information theory in economics
Acceso en línea:	Ver este registro en EBSCOhost