A Bayesian abstract economy with a measure space of agents (Q1035062)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A Bayesian abstract economy with a measure space of agents |
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A Bayesian abstract economy with a measure space of agents (English)
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10 November 2009
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Summary: We define the model of an abstract economy with differential (asymmetric) information and a measure space of agents. We generalize \textit{N. C. Yannelis'} result [Economic Theory 38, No. 2, 419--432 (2007)], considering that each agent is characterised by a random preference correspondence instead of having a random utility function. We establish two different equilibrium existence results.
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Bayesian equilibrium
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assymetric information
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Arrow-Debreu model
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