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

DOI10.1016/J.JET.2011.10.015zbMATH Open1229.91212OpenAlexW2159177705MaRDI QIDQ654534FDOQ654534

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

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zbMATH Keywords

rational expectationsasymmetric informationcommon knowledgerationalizabilityexchange economy

Mathematics Subject Classification ID

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

Cites Work

• Games with Incomplete Information Played by “Bayesian” Players, I–III Part I. The Basic Model
• The Bayesian foundations of solution concepts of games
• Rationalizable Strategic Behavior and the Problem of Perfection
• Rationalizable Strategic Behavior
• The revelation of information and self-fulfilling beliefs
• Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
• A note on 'fulfilled expectations' equilibria
• Anchoring Economic Predictions in Common Knowledge
• Title not available (Why is that?)
• Title not available (Why is that?)
• Common knowledge of rationality and market clearing in economies with asymmetric information
• Rational behavior and rational expectations

Cited In (6)

• Common certainty and efficiency with incomplete information
• Asymmetric information may protect the commons: the welfare benefits of uninformed regulators
• Common Knowledge and State-Dependent Equilibria
• The rationality of expectations formation
• Dropping rational expectations
• Common knowledge of rationality and market clearing in economies with asymmetric information

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