Common knowledge of rationality and market clearing in economies with asymmetric information

DOI10.1016/J.JET.2011.10.015MaRDI QIDQ654534zbMATH OpenOpenAlexFDO

Authors Elchanan Ben-Porath, Aviad Heifetz

Publication date 28 December 2011

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

Full work available at URL http://www.kellogg.northwestern.edu/research/math/papers/1487.pdf

zbMATH Keywords

asymmetric informationcommon knowledgeexchange economyrational expectationsrationalizability

Mathematics Subject Classification ID

Rationality and learning in game theory (91A26) Consumer behavior, demand theory (91B42) Economics of information (91B44) Special types of economic equilibria (91B52)

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Cites work

• A note on 'fulfilled expectations' equilibria
• Anchoring Economic Predictions in Common Knowledge
• Common knowledge of rationality and market clearing in economies with asymmetric information
• Games with Incomplete Information Played by “Bayesian” Players, I–III Part I. The Basic Model
• scientific article; zbMATH DE number 4083326 (Why is no real title available?)
• scientific article; zbMATH DE number 2238177 (Why is no real title available?)
• Rational behavior and rational expectations
• Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
• Rationalizable Strategic Behavior
• Rationalizable Strategic Behavior and the Problem of Perfection
• The Bayesian foundations of solution concepts of games
• The revelation of information and self-fulfilling beliefs

Cited in

(9)

• The rationality of expectations formation
• Dropping rational expectations
• Common certainty and efficiency with incomplete information
• Asymmetric information may protect the commons: the welfare benefits of uninformed regulators
• Common knowledge equilibrium of Boolean securities in distributed information market
• Common Knowledge and State-Dependent Equilibria
• Common knowledge of rationality and market clearing in economies with asymmetric information
• Learning to bet (rationally) with logs
• On the sophistication of financial investors and the information revealed by prices

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