Extrinsic uncertainty and the informational role of prices

DOI10.1006/JETH.1997.2326MaRDI QIDQ1381982zbMATH OpenOpenAlexFDO

Authors T. Pietra, Paolo Siconolfi

Publication date 1 April 1998

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

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

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

zbMATH Keywords

financial economyself-fulfilling price expectations

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(8)

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

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