Hostname: page-component-78c5997874-j824f Total loading time: 0 Render date: 2024-11-10T12:58:42.666Z Has data issue: false hasContentIssue false
  • English
  • Français

Différences d'information, solutions concurrentielles et stratégies révélatrices

Published online by Cambridge University Press:  17 August 2016

Françoise Forges
Françoise Forges*
Affiliation:
Université Catholique de Louvain
Get access

Résumé

Nous passons en revue quelques résultats récents sur la concrétisation des solutions concurrentielles d'économies où les agents ne disposent pas tous de la même information. Dans ce cadre, l'extension des définitions formalisées par Arrow et Debreu suscite de nombreuses difficultés conceptuelles. Certaines propriétés de l'équilibre à anticipations rationnelles, par exemple, paraissent paradoxales. Ann de donner des fondements à cette approche, on cherche à concrétiser les solutions concurrentielles en montrant qu'elles coïncident avec les équilibres stratégiques d'un scénario (un jeu) approprié. Le plus souvent, on est amené à considérer un grand nombre de ≪ répliques ≫ des agents pour rendre compte du caractere négligeable des individus. Nous analysons en particulier l'effet de cette construction sur les contraintes d'incitation liees à la transmission d'information par les agents.

Summary

Summary

We survey some recent results on implementation of competitive solutions in differential information economies. Extending to this context Arrow and Debreu's definitions raises many conceptual issues. For instance, some properties of rational expectations equilibria may appear as paradoxical. In order to provide this approach with foundations, it has become usual to show that competitive solutions are implementable, namely coincide with the strategic equilibria of an appropriate scenario (i.e. a game). This typically leads to models that involve a large number of agents' replicas, where every individual agent becomes negligible. We specially analyze the effects of such constructions on the incentive compatibility constraints that are related with agents' information transmission.

Keywords

D82C72D82C72
Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 61 , Issue 1 , 1995 , pp. 99 - 123
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1995 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

(*)

Le texte qui suit présente des résultats de recherche du Programme Pôles d’Attraction Interuniversitaires mis en æuvre à l’initiative de l’Etat Beige, Services du Premier Ministre, programmation de la politique scientifique. Les auteurs en assument la responsabilité scientifique.

References

BIBLIOGRAPHIE

Akerlof, G. [1970], The Market for Lemons: Quality Uncertainty and the Market Mechanism, Quarterly Journal of Economics, vol. 89, pp. 488–500.Google Scholar
Allen, B. [1992], Incentives in Market Games with Asymmetric Information: The Core, CORE Discussion Paper n° 9221, CORE, Université Catholique de Louvain.Google Scholar
Amir, R., Sahi, S. Shubik, M. et Yao, S. [1990], A Strategic Market Game with Complete Markets, Journal of Economic Theory, 51(1), pp. 126–143.Google Scholar
D'aspremont, C, Dos Santos Ferreira, R. et Gérard-Varet, L.-A. [1995], Fondements stratégiques de l'équilibre en économie: coordination, rationalité individuelle et anticipations, in Gérard-Varet, L.-A. et Passeron, J.-C. (éds), Le modéle et I'enquête: les usages du principe de rationalite dans les sciences sociales, Paris, Editions de l'Ecole des Hautes Etudes en Sciences Sociales.Google Scholar
Blnmore, K. [1990], Essays on the Foundations of game Theory, Oxford, Basil Blackwell.Google Scholar
Blume, L. et Easley, D. [1990], Implementation of Walrasian Expectations Equilibria, Journal of Economic Theory, vol. 51, pp. 207–227.Google Scholar
Champsaur, P. [1990], Information, Incentives and General Equilibrium, in Cornet, B. et Tulkens, H. (éds): Contributions to Operations Research and Economics, Cambridge, M.I.T. Press, pp. 23–58.Google Scholar
Dubey, P., Geanakoplos, J. et Shubik, M. [1987], The Revelation of Information in Strategic Market Games, a Critique of Rational Expectations Equilibrium, Journal of Mathematical Economics, vol. 16, pp. 105–137.Google Scholar
Forges, F. [1993], Perfect Competition and Incentive Compatibility in Differential Information Economies, à paraître dans les actes de: ≪ General Equilibrium 40th Anniversary Conference, CORE, June 1993 ≫.Google Scholar
Gul, F. et Postlewaite, A. [1992], Asymptotic Efficiency in Large Economies with Asymmetric Information, Econometrica, vol.60, pp. 1273–1292.Google Scholar
Harsanyi, J. [1967], Games with Incomplete Information Played by Bayesian Players, Management Science, vol. 14, pp. 159–182.Google Scholar
Hurwicz, L. [1972], On Informationally Decentralized Systems, in Mc Guire, C. et Radner, R. (éds), Decision and organization: a volume in honor of Jacob Marschak, Amsterdam, North Holland, pp. 297–336.Google Scholar
Jackson, M. [1991], Bayesian implementation, Econometrica, vol.59, pp. 461–477.Google Scholar
Laffont, J.J [1985], Cours de théorie microeconomique, volume II: Economie de l'incertain et de l'information, Paris, Economica.Google Scholar
Mas-Colell, A. [1982], The Cournotian Foundations of Walrasian Equilibrium Theory: An Exposition of Recent Theory, in : Hildenbrand, W (éd.), Advances in Economic Theory, Cambridge, Cambridge University Press, pp. 183–224.Google Scholar
Mas-Colell, A. et Vlves, X. [1993], Implementation in Economies with a Continuum of Agents, Review of Economic Studies, vol. 60, pp. 613–629.Google Scholar
Maskin, E. [1985], The Theory of Implementation in Nash Equilibrium: A Survey, in Hurwicz, L. Schmeidler, D. et Sonnenschein, H. (éds), Social Goals and Social Organization, Cambridge, Cambridge University Press, pp. 173–204.Google Scholar
Mllgrom, P. [1981], Rational Expectations, Information Acquisition, and Competitive Bidding, Econometrica, vol. 49, pp. 679–688.Google Scholar
Milgrom, P. et Roberts, J. [1987], Informational Asymmetries, Strategic Behavior and Industrial Organization, American Economic Review, vol. 77 (Papers and Proceedings), pp. 184–193.Google Scholar
Myerson, R. [1979], Incentive Compatibility and the Bargaining Problem, Econometrica, vol.47, pp. 61–73.Google Scholar
Myerson, R. [1991], Game Theory: Analysis of Conflict, Cambridge, Harvard University Press.Google Scholar
Palfrey, T. [1992], Implementation in Bayesian Equilibrium: The Multiple Equilibrium Problem in Mechanism Design, in Laffont, J.J. (éd.), Advances in Economic Theory, Sixth World Congress, Cambridge, Cambridge University Press, pp. 283–323.Google Scholar
Palfrey, T. et Srivastava, S. [1986], Private Information in Large Economies, Journal of Economic Theory, vol. 39, pp. 34–58.Google Scholar
Palfrey, T. et Srivastava, S. [1987], On Bayesian Implementable Allocations, Review of Economic Studies, vol. 54, pp. 193–208.Google Scholar
Palfrey, T. et Srivastava, S. [1989], Implementation with Incomplete Information in Exchange Economies, Econometrica, vol. 57, pp. 115–134.Google Scholar
Postlewaite, A. [1985], Implementation via Nash Equilibria in Economic Environments, in Hurwicz, L. Schmeidler, D. et Sonnenschein, H. (éds), Social Goals and Social Organization, Cambridge, Cambridge University Press, pp. 205–228.Google Scholar
Postlewaite, A. et Schmeidler, D. [1986], Implementation in Differential Information Economies, Journal of Economic Theory, vol. 39, pp. 14–33.Google Scholar
Postlewaite, A. et Schmeidler, D. [1987]; Differential Information and Strategic Behavior in Economic Environments: A General Equilibrium Approach, in Groves, T. Radner, R. et Reiter, S. (éds), Information, Incentives and Economic Mechanisms, Oxford, Basil Blackwell, pp. 330–348.Google Scholar
Radner, R. [1979] Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices, Econometrica, vol. 47, pp. 655–678.Google Scholar
Radner, R. [1982], Equilibrium under Uncertainty, in Arrow, K. . et Intriligator, M. (éds), Handbook of Mathematical Economics II, Amsterdam, North Holland, chapitre 20, pp. 923–1006.Google Scholar
Roberts, J. et Postlewaite, A. [1976], The Incentives for Price-Taking Behavior in Large Exchange Economies, Econometrica, vol. 44, pp. 115–127.Google Scholar
Shapley, L. et Shubik, M. [1977], Trade Using One Commodity as a Means of Payment, Journal of Political Economy, 85(5), pp. 937–968.Google Scholar
Wilson, R. [1978], Information, Efficiency and the Core of an Economy, Econometrica, vol. 46, pp. 807–816.Google Scholar
Yannelis, N. [1991], The Core of an Economy with Differential Information, Economic Theory vol. 1, pp. 183–198.Google Scholar