Non-implementation of rational expectations as a perfect Bayesian equilibrium

DOI10.1007/S00199-004-0585-2MaRDI QIDQ2572511zbMATH OpenOpenAlexFDO

Authors Dionysius Glycopantis, Allan Muir, Nicholas C. Yannelis

Publication date 10 November 2005

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://irihs.ihs.ac.at/1546/1/es-148.pdf

zbMATH Keywords

Coalitional Bayesian incentive compatibilityDifferential information economyGame treesImplementationPrivate core.Rational expectations equilibrium

Mathematics Subject Classification ID

Noncooperative games (91A10) Cooperative games (91A12) Rationality and learning in game theory (91A26) Economics of information (91B44) General equilibrium theory (91B50)

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Cited in

(15)

• Bayesian-Walrasian equilibria: Beyond the rational expectations equilibrium
• On non-revealing rational expectations equilibrium
• Incentive compatible self-fulfilling mechanisms and rational expectations
• On the equivalence of rational expectations equilibrium with perfect Bayesian equilibrium
• A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility
• Aggregate preferred correspondence and the existence of a maximin REE
• Implementation of maximin rational expectations equilibrium
• Information acquisition and welfare effect in a model of competitive financial markets
• A full characterization of Nash implementation with strategy space reduction
• On the Welfare Analysis of Rational Expectations Equilibria with Asymmetric Information
• Existence, incentive compatibility and efficiency of the rational expectations equilibrium
• Equilibrium concepts in differential information economies
• Learning and stability of the Bayesian-Walrasian equilibrium
• Subjective expectations equilibrium in economies with uncertain delivery
• Functional rational expectations equilibria in market games

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