On the Failure of Core Convergence in Economies with Asymmetric Information
证明在非对称信息的临时经济中，威尔逊的粗核在复制经济时不会收敛到价格均衡配置，这一失败是信息不对称的基本结果。
In interim economies with asymmetric information, we show that the coarse core of Wilson (1978) does not converge to price equilibrium allocations as the economy is replicated.This failure of core convergence is a basic consequence of asymmetric information and extends to any reasonable notion of either (interim) core or price equilibrium.