Extrinsic uncertainty and the informational role of prices

DOI10.1006/JETH.1997.2326zbMATH Open0892.90026OpenAlexW2027750062MaRDI QIDQ1381982FDOQ1381982

Authors: T. Pietra, Paolo Siconolfi 

Publication date: 1 April 1998

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

Full work available at URL: https://doi.org/10.1006/jeth.1997.2326

Recommendations

• Trade and revelation of information
• Endogenous probabilities and the information revealed by prices
• scientific article; zbMATH DE number 4025116
• On endogenous formation of price expectations
• Asset markets and the information revealed by prices

zbMATH Keywords

financial economyself-fulfilling price expectations

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Cites Work

• Differential Topology
• Equilibrium in incomplete markets. I: A basic model of generic existence
• The generic existence of rational expectations equilibrium in the higher dimensional case
• Fully revealing equilibria in sequential economies with asset markets
• Asset markets and the information revealed by prices
• The revelation of information and self-fulfilling beliefs
• Partially revealing rational expectations equilibria with nominal assets
• 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
• Partially-revealing rational expectations equilibrium in a competitive economy
• The Existence of Futures Markets, Noisy Rational Expectations and Informational Externalities
• Rational expectations in microeconomic models: An overview
• Equilibrium in economies with financial markets: Uniqueness of expectations and indeterminacy
• The structure of the set of sunspot equilibria in economies with incomplete financial markets
• The set of sunspot equilibria in economies with incomplete financial markets: Variable asset prices

Cited In (8)

• Rational expectations equilibrium and the strategic choice of costly information
• Partially revealing rational expectations equilibrium with real assets and binding constraints
• Trade and revelation of information
• The pricing effects of ambiguous private information
• Partial revelation within rational expectations
• Price expectations and cobwebs under uncertainty
• Endogenous probabilities and the information revealed by prices
• The competitive firm under price uncertainty: The role of information and hedging

This page was built for publication: Extrinsic uncertainty and the informational role of prices

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1381982)