Comment on Mclennan and Sonnenschein
AbstractTwo important articles in the literature on decentralized strategic markets are Gale (1986) and McLennan and Sonnenschein (1991). McLennan and Sonnenschein (1991) claim to have generalized Gale (1986) in several respects. In doing so, they introduce mainly two modifications: 1. unbounded short sales are allowed, and 2. agents do not observe their trading partner's characteristics.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 5099.
Date of creation: 01 Jan 1998
Date of revision:
Publication status: Published in Econometrica 1998, vol. 66, pp. 1231-1233
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