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DCフィールド | 値 | 言語 |
---|---|---|
dc.contributor.author | Kajii, Atsushi | en |
dc.contributor.author | Ui, Takashi | en |
dc.date.accessioned | 2010-10-26T03:03:29Z | - |
dc.date.available | 2010-10-26T03:03:29Z | - |
dc.date.issued | 2007-11 | - |
dc.identifier.uri | http://hdl.handle.net/2433/129555 | - |
dc.description.abstract | 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 interim efficient allocations under uncertainty; that is, they provide conditions on the sets of posteriors, thus implicitly on the way how agents update the sets of priors, for non-existence of a trade which makes all agents better off at any realization of private information. For agents with the incomplete preferences, the condition is necessary and sufficient, but for agents with the maximin expected utility preferences, the condition is sufficient only. A couple of necessary conditions for the latter case are provided. | en |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Institute of Economic Research, Kyoto University | en |
dc.publisher.alternative | 京都大学経済研究所 | ja |
dc.subject | multiple priors | en |
dc.subject | interim efficiency | en |
dc.subject | no trade | en |
dc.subject | dynamic consistency | en |
dc.subject | rectangular prior set | en |
dc.subject.ndc | 330 | - |
dc.title | Interim Efficient Allocations under Uncertainty | en |
dc.type | research report | - |
dc.type.niitype | Research Paper | - |
dc.identifier.jtitle | KIER Discussion Paper | en |
dc.identifier.volume | 642 | - |
dc.textversion | author | - |
dc.sortkey | 00642 | - |
dc.relation.url | http://ideas.repec.org/p/kyo/wpaper/642.html | - |
dcterms.accessRights | open access | - |
出現コレクション: | KIER Discussion Paper (英文版) |
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