Asset markets and the information revealed by prices

DOI10.1007/BF01210264zbMath0821.90035OpenAlexW1998215648MaRDI QIDQ1341463

Paolo Siconolfi, Herakles M. Polemarchakis

Publication date: 5 January 1995

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

Full work available at URL: https://doi.org/10.1007/bf01210264

zbMATH Keywords

noninformative rational expectations equilibria

Mathematics Subject Classification ID

Economics of information (91B44)

Related Items (21)

Partially revealing rational expectations equilibria with nominal assets ⋮ Partially revealing rational expectations equilibrium with real assets and binding constraints ⋮ The revelation of information and self-fulfilling beliefs ⋮ A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility ⋮ Extrinsic uncertainty and the informational role of prices ⋮ On endogenous formation of price expectations ⋮ Indeterminacy of rational expectations equilibria in sequential financial markets. ⋮ Rational expectations equilibrium and the strategic choice of costly information ⋮ Trade and revelation of information ⋮ Incomplete markets, allocative efficiency, and the information revealed by prices ⋮ Incomplete financial markets and differential information ⋮ Endogenous probabilities and the information revealed by prices ⋮ Arbitrage and equilibrium with portfolio constraints ⋮ Aggregation, determinacy, and informational efficiency for a class of economies with asymmetric information ⋮ Partial revelation within rational expectations ⋮ General equilibrium with endogenously incomplete financial markets ⋮ A remark on rational expectation equilibria with incomplete markets and real assets ⋮ Existence and regularity of partially revealing rational expectations equilibrium in finite economies ⋮ Fully revealing equilibria in sequential economies with asset markets ⋮ On the revelation of private information in stock market economies ⋮ A role for monetary policy when prices reveal information: An example

Cites Work

• Partially-revealing rational expectations equilibrium in a competitive economy
• The structure of financial equilibrium with exogenous yields. The case of restricted participation
• Real indeterminacy with financial assets
• The generic existence of rational expectations equilibrium in the higher dimensional case
• Indeterminacy in general equilibrium economies with incomplete financial markets. Mixed asset returns
• Indeterminacy in incomplete market economies
• Strict rational expectations equilibria with diffuseness
• Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
• Generic Existence of Completely Revealing Equilibria for Economies with Uncertainty when Prices Convey Information
• Competitive Equilibrium Under Uncertainty
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
• The Structure of Financial Equilibrium with Exogenous Yields: The Case of Incomplete Markets

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