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Competitive Markets with Private Information on Both Sides

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  • Martin Meier
  • Enrico Minelli
  • Herakles Polemarchakis

Abstract

We consider competitive markets with asymmetric information. We intro- duce a notion of equilibrium that allows individuals to act strategically both as buyers and as sellers, and we prove that equilibria exist.

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Paper provided by University of Brescia, Department of Economics in its series Working Papers with number 0917.

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Date of creation: 2009
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Handle: RePEc:ubs:wpaper:0917

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Cited by:
  1. A. Fedele & A. Mantovani, 2010. "The Importance of Being Consulted," Working Papers 712, Dipartimento Scienze Economiche, Universita' di Bologna.
  2. Mario Cassetti, 2010. "Macroeconomic outcomes of changing bargaining relationships in open economies. The feasibility of a wage-led economy reconsidered," Working Papers 1004, University of Brescia, Department of Economics.
  3. Francesca Barion & Raffaele Miniaci & Paolo Panteghini & Maria Laura Parisi, 2010. "Profit Shifting by Debt Financing in Europe," CESifo Working Paper Series 2985, CESifo Group Munich.
  4. Alessandra Del Boca & Michele Fratianni & Franco Spinelli & Carmine Trecroci, 2010. "Macroeconomic instability and the Phillips curve in Italy," Working Papers 1013, University of Brescia, Department of Economics.
  5. A. Fedele & A. Mantovani & F. Liucci, 2010. "Credit availability in the crisis: which role for the European Investment Bank Group?," Working Papers 699, Dipartimento Scienze Economiche, Universita' di Bologna.
  6. Correia-da-Silva, João, 2012. "General equilibrium in markets for lemons," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 187-195.

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