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Franoise Forges JeanFranois Mertens Rajiv Vohra 《Econometrica : journal of the Econometric Society》2002,70(5):1865-1892
In a differential information economy with quasi–linear utilities, monetary transfers facilitate the fulfillment of incentive compatibility constraints: the associated ex ante core is generically nonempty. However, we exhibit a well–behaved exchange economy in which this core is empty, even if goods are allocated through random mechanisms. 相似文献