Core versus equilibrium allocations in economies with differential information

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dc.contributor.authorCao, Jiling
dc.date.accessioned2024-07-12T20:46:47Z
dc.date.available2024-07-12T20:46:47Z
dc.date.issued2019en_US
dc.departmentFakülteler, İnsan ve Toplum Bilimleri Fakültesi, Matematik Bölümüen_US
dc.description.abstractA neoclassical exchange economy consists of ?nitely many agents where each agent has a strictly monotone and strictlyconvex preference, and a non-zero initial endowment such that the total endowment is strictly positive. Applying analytic topologi-cal methods, Arrow and Debreu [1] proved the existence of a competitive equilibrium in such an economy. Furthermore, Scarf [10]proved that the core of a neoclassical exchange economy is non-empty and compact. It is not di?cult to observe that every com-petitive equilibrium is a core allocation, but the converse does not hold in general. In 1964, Aumann [2] established an interestingresult showing that the converse holds for an exchange economy with a continuum of agents.In 1979, Radner [9] introduced the concept of rational expectations equilibrium in economies in which traders have di?erentinformation about the items to be traded. Since then, many mathematicians and economists have been trying to extend the afore-mentioned work of Nobel laureates Arrow, Debreu and Aumann to economies with di?erential information. Very often, studyingsuch economies needs advanced techniques from modern analysis and topology. In this talk, I will present the recent research workof mine and my coauthors in this direction.en_US
dc.identifier.citationCao, J. (2019). Core versus equilibrium allocations in economies with differential information. İnternational Conference of Mathematical Sciences (ICMS 2018). s. 1-4en_US
dc.identifier.endpage4en_US
dc.identifier.isbn978-0-7354-1816-5
dc.identifier.startpage1en_US
dc.identifier.urihttps://aip.scitation.org/toc/apc/2086/1?windowStart=0&size=50
dc.identifier.urihttps://hdl.handle.net/20.500.12415/1909
dc.institutionauthorCao, Jiling
dc.language.isoenen_US
dc.publisherMaltepe Üniversitesien_US
dc.relation.ispartofİnternational Conference of Mathematical Sciences (ICMS 2018)en_US
dc.relation.isversionof10.1063/1.5095081en_US
dc.relation.publicationcategoryUluslararası Konferans Öğesi - Başka Kurum Yazarıen_US
dc.rightsCC0 1.0 Universal*
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rights.urihttp://creativecommons.org/publicdomain/zero/1.0/*
dc.snmzKY01740
dc.subjectAumann’s core equivalenceen_US
dc.subjectEconomy with di?erential informationen_US
dc.subjectEx-post coreen_US
dc.subjectRational expectations equilibriumen_US
dc.titleCore versus equilibrium allocations in economies with differential informationen_US
dc.typeArticle
dspace.entity.typePublication

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