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Coalitional Fairness: The Case of Exact Feasibility with Asymmetric Information

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  • Bhowmik, Anuj

Abstract

Consider a pure exchange economy with asymmetric information. The space of agents is a mixed measure space and the commodity space is an ordered Banach space whose positive cone has an interior point. The concept of coalitional fairness introduced in [9] is examined in the framework of asymmetric information. It is shown that the private core is contained in the set of privately coalitionally fair allocations under some assumptions. This result provides an extension of Theorem 2 in [9] to an asymmetric information economy with infinitely many commodities.

Suggested Citation

  • Bhowmik, Anuj, 2014. "Coalitional Fairness: The Case of Exact Feasibility with Asymmetric Information," MPRA Paper 52788, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:52788
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    References listed on IDEAS

    as
    1. Gabszewicz, Jean Jaskold, 1975. "Coalitional Fairness of Allocations in Pure Exchange Economies," Econometrica, Econometric Society, vol. 43(4), pages 661-668, July.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Asymmetric information economy; Coalitional fairness; Private core;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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