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econ.TH2021
Core equivalence with large agents
Aubrey Clark
This paper studies the relationship between core and competitive equilibira in economies that consist of a continuum of agents and some large agents. We construct a class of these…
econ.TH2021
Contracts for acquiring information
Aubrey Clark, Giovanni Reggiani
This paper studies the provision of incentives for information acquisition. Information is costly for an agent to acquire and unobservable to a principal. We show that any Pareto o…