无财富效应下的事前激励相容核

The Ex Ante Incentive Compatible Core in the Absence of Wealth Effects

Econometrica · 2002
被引 78
人大 A+FT50ABS 4*

中文导读

研究准线性效用下事前激励相容核的非空性,发现即使允许随机分配,一个良好行为的交换经济中该核仍可能为空。

Abstract

In a differential information economy with quasi–linear utilities, monetary transfers facilitate the fulfillment of incentive compatibility constraints: the associated ex ante core is generically nonempty. However, we exhibit a well–behaved exchange economy in which this core is empty, even if goods are allocated through random mechanisms.

事前激励相容核拟线性效用信息不对称随机分配