Irrelevance of private information in two-period economies with more goods than states of nature

DOI10.1007/S00199-013-0755-1zbMATH Open1307.91114OpenAlexW2068367170MaRDI QIDQ2447149FDOQ2447149

Authors: João Correia-da-Silva, Carlos Hervés-Beloso 

Publication date: 24 April 2014

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

Full work available at URL: https://repositorio-aberto.up.pt/handle/10216/115347

Recommendations

• Trade and revelation of information
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• Asymptotic Efficiency in Large Exchange Economies With Asymmetric Information

zbMATH Keywords

asymmetric informationgeneral equilibriumtwo-period economiesgeneric efficiencygeneric existence of equilibriumprivate state-verification

Mathematics Subject Classification ID

Economics of information (91B44) General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

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Cited In (8)

• Equilibrium theory under ambiguity
• A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility
• Two-period economies with price-contingent deliveries
• Efficient allocations in economies with asymmetric information when the realized frequency of types is common knowledge
• Stable sets of allocations and the provision of public goods
• A fixed-point theorem and equilibria of abstract economies with weakly upper semicontinuous set-valued maps
• Uncertainty, efficiency and incentive compatibility: ambiguity solves the conflict between efficiency and incentive compatibility
• Endogenous differential information

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