Expectations Equilibria with Dispersed Information: Existence with Approximate Rationality in a Model with a Continuum of Agents and Finitely Many States of the World

DOI10.2307/2297416zbMath0508.90015OpenAlexW2158074174MaRDI QIDQ4747866

Publication date: 1983

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297416

zbMATH Keywords

existence rational expectations equilibrium large economy continuum of agents dispersed information market clearing prices approximate rationality forecast functions imperfectly informed agents information transmission by prices

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (7)

Unnamed Item ⋮ The topology of information on the space of probability measures over Polish spaces ⋮ Partially-revealing rational expectations equilibrium in a competitive economy ⋮ Generalized level crossings and tangencies of a random field with smooth sample functions ⋮ The existence of fully rational expectations approximate equilibria with noisy price observations ⋮ The existence of rational expectations equilibria in a large economy with noisy price observations ⋮ Information, measurability, and continuous behavior.

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