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Existence and properties of a value allocation for an economy with differential information

  • Stefan Krasa
  • Nicholas C. Yannelis
Part of the Studies in Economic Theory book series (ECON.THEORY, volume 19)

Summary

We prove the existence of a private value allocation for an economy with differential information where the commodity space may be infinite dimensional, and there is a continuum of states. We also discuss the existence, non-existence, and properties of two alternative value allocation concepts.

Keywords

Banach Lattice Marginal Contribution Grand Coalition Order Interval Nash Bargaining Solution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2005

Authors and Affiliations

  • Stefan Krasa
    • 1
  • Nicholas C. Yannelis
    • 1
  1. 1.Department of EconomicsUniversity of Illinois at Urbana-ChampaignChampaignUSA

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