The existence of fully rational expectations approximate equilibria with noisy price observations

DOI10.1016/0022-0531(85)90091-2zbMath0579.90008OpenAlexW2091472572MaRDI QIDQ1067556

Beth Allen

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(85)90091-2

zbMATH Keywords

fixed point argumentdispersed noisy price observationsmicroeconomic pure exchange economiesNonrevealing fully rational expectations approximate equilibriastate-dependent excess demand functions

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (13)

Partially revealing rational expectations equilibria with nominal assets ⋮ Convergence of information, random variables and noise ⋮ Partially revealing rational expectations equilibrium with real assets and binding constraints ⋮ The revelation of information and self-fulfilling beliefs ⋮ Aggregate fluctuations as an information transmission mechanism ⋮ On endogenous formation of price expectations ⋮ Partially-revealing rational expectations equilibrium in a competitive economy ⋮ Rational behavior and rational expectations ⋮ Aggregation, determinacy, and informational efficiency for a class of economies with asymmetric information ⋮ Aggregate preferred correspondence and the existence of a maximin REE ⋮ Expectations equilibria with dispersed forecasts ⋮ The existence of rational expectations equilibria in a large economy with noisy price observations ⋮ Convergence of Bayesian learning to general equilibrium in mis-specified models.

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