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Volumn 36, Issue 1, 2008, Pages 35-55

Ex ante efficiency implies incentive compatibility

Author keywords

Asymmetric information; Exact law of large numbers; Incentive compatibility; Negligible private information; Pareto efficiency; Strong conditional independence

Indexed keywords


EID: 41849117697     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-007-0261-4     Document Type: Article
Times cited : (17)

References (11)
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  • 4
    • 0038305696 scopus 로고    scopus 로고
    • Monte Carlo simulation of macroeconomic risk with a continuum of agents: The symmetric case
    • Hammond P.J., Sun Y.N. (2003) Monte Carlo simulation of macroeconomic risk with a continuum of agents: the symmetric case. Econ Theory 21: 743-766
    • (2003) Econ Theory , vol.21 , pp. 743-766
    • Hammond, P.J.1    Sun, Y.N.2
  • 5
    • 0000493737 scopus 로고
    • Efficient and durable decision rules with incomplete information
    • Holmström B., Myerson R. (1983) Efficient and durable decision rules with incomplete information. Econometrica 51:1799-1819
    • (1983) Econometrica , vol.51 , pp. 1799-1819
    • Holmström, B.1    Myerson, R.2
  • 7
    • 0036436530 scopus 로고    scopus 로고
    • Informational size and incentive compatibility
    • McLean R., Postlewaite A. (2002) Informational size and incentive compatibility. Econometrica 70: 2421-2453
    • (2002) Econometrica , vol.70 , pp. 2421-2453
    • McLean, R.1    Postlewaite, A.2
  • 8
    • 0002142565 scopus 로고
    • Pareto-optima and competitive equilibria with adverse selection and moral hazard
    • Prescott E., Townsend R. (1984) Pareto-optima and competitive equilibria with adverse selection and moral hazard. Econometrica 52: 21-45
    • (1984) Econometrica , vol.52 , pp. 21-45
    • Prescott, E.1    Townsend, R.2
  • 9
    • 30444461201 scopus 로고    scopus 로고
    • The exact law of large numbers via Fubini extension and characterization of insurable risks
    • Sun Y.N. (2006) The exact law of large numbers via Fubini extension and characterization of insurable risks. J Econ Theory 126: 31-69
    • (2006) J Econ Theory , vol.126 , pp. 31-69
    • Sun, Y.N.1
  • 10
    • 34247153865 scopus 로고    scopus 로고
    • Perfect competition in asymmetric information economies: Compatibility of efficiency and incentives
    • Sun Y.N., Yannelis N.C. (2007) Perfect competition in asymmetric information economies: compatibility of efficiency and incentives. J Econ Theory 134: 175-194
    • (2007) J Econ Theory , vol.134 , pp. 175-194
    • Sun, Y.N.1    Yannelis, N.C.2
  • 11
    • 0040699824 scopus 로고
    • Dependent random variables with independent subsets
    • Wang Y.H. (1979) Dependent random variables with independent subsets. Am Math Monthly 86: 290-292
    • (1979) Am Math Monthly , vol.86 , pp. 290-292
    • Wang, Y.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.