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An alternative proof of the nonemptiness of the private core

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We focus on the private core [19] of an economy with a finite number of agents with differential information, a continuum of states and an infinite number of commodities. We state a nonemptiness result for the private core and provide a proof based on a fixed-point argument.

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Received: October 4, 1999; revised version: June 7, 2000

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Lefebvre, I. An alternative proof of the nonemptiness of the private core. Econ Theory 18, 275–291 (2001). https://doi.org/10.1007/PL00004185

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  • DOI: https://doi.org/10.1007/PL00004185

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