Incomplete Markets, Allocative Efficiency, and the Information Revealed by Prices
AbstractIn this paper we compare rational expectations equilibria with different degrees of information revelation through prices. These equilibria arise in a two-period exchange economy with finitely many states and signals, multiple commodities and incomplete f
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 90 (2000)
Issue (Month): 2 (February)
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Web page: http://www.elsevier.com/locate/inca/622869
Other versions of this item:
- Alessandro Citanna & Antonio Villanacci, . "Incomplete markets, allocative efficiency and the information revealed by prices," GSIA Working Papers 10, Carnegie Mellon University, Tepper School of Business.
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