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Core equivalence in economy under awareness

Takashi Matsuhisa

Banach Center Publications (2006)

  • Volume: 71, Issue: 1, page 227-235
  • ISSN: 0137-6934

Abstract

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The extended notion of pure exchange economy under uncertainty, called an economy with awareness structure, is presented, where each trader having strictly monotone preferences makes decision under his/her awareness and belief. We show an extension of the core equivalence theorem: The ex-post core coincides with the set of all generalized expectations equilibria in awareness for the economy.

How to cite

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Takashi Matsuhisa. "Core equivalence in economy under awareness." Banach Center Publications 71.1 (2006): 227-235. <http://eudml.org/doc/281933>.

@article{TakashiMatsuhisa2006,
abstract = {The extended notion of pure exchange economy under uncertainty, called an economy with awareness structure, is presented, where each trader having strictly monotone preferences makes decision under his/her awareness and belief. We show an extension of the core equivalence theorem: The ex-post core coincides with the set of all generalized expectations equilibria in awareness for the economy.},
author = {Takashi Matsuhisa},
journal = {Banach Center Publications},
language = {eng},
number = {1},
pages = {227-235},
title = {Core equivalence in economy under awareness},
url = {http://eudml.org/doc/281933},
volume = {71},
year = {2006},
}

TY - JOUR
AU - Takashi Matsuhisa
TI - Core equivalence in economy under awareness
JO - Banach Center Publications
PY - 2006
VL - 71
IS - 1
SP - 227
EP - 235
AB - The extended notion of pure exchange economy under uncertainty, called an economy with awareness structure, is presented, where each trader having strictly monotone preferences makes decision under his/her awareness and belief. We show an extension of the core equivalence theorem: The ex-post core coincides with the set of all generalized expectations equilibria in awareness for the economy.
LA - eng
UR - http://eudml.org/doc/281933
ER -

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