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

DOI10.1007/s00199-013-0755-1zbMath1307.91114OpenAlexW2068367170MaRDI QIDQ2447149

Carlos Hervés-Beloso, João Correia-da-Silva

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

zbMATH Keywords

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

Mathematics Subject Classification ID

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

Related Items

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

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