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A Note on Information, Trade and Common Knowledge

In: Sunspots and Non-Linear Dynamics

Author

Listed:
  • Leonidas C. Koutsougeras

    (University of Manchester)

  • Nicholas C. Yannelis

    (University of Iowa)

Abstract

We recast the well known no trade result in Milgrom and Stokey (1982) using the appropriate definition of efficiency among several available in the asymmetric information framework.

Suggested Citation

  • Leonidas C. Koutsougeras & Nicholas C. Yannelis, 2017. "A Note on Information, Trade and Common Knowledge," Studies in Economic Theory, in: Kazuo Nishimura & Alain Venditti & Nicholas C. Yannelis (ed.), Sunspots and Non-Linear Dynamics, chapter 0, pages 403-409, Springer.
    • Handle: RePEc:spr:steccp:978-3-319-44076-7_17
    DOI: 10.1007/978-3-319-44076-7_17
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    Cited by:

    1. Leonidas C. Koutsougeras, 2022. "Coalitions with limited coordination," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(2), pages 439-456, April.

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