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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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Bibliographic Info

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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References

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Citations

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Cited by:
  1. Alessandro Fedele & Andrea Mantovani, 2010. "The Importance of Being Consulted," Annals of Economics and Finance, Society for AEF, vol. 11(2), pages 231-245, November.
  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 M Panteghini & Maria Laura Parisi, 2010. "Profit shifting by debt financing in Europe," Working Papers 1007, University of Brescia, Department of Economics.
  4. Correia-da-Silva, João, 2012. "General equilibrium in markets for lemons," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 187-195.
  5. Del Boca Alessandra & Fratianni Michele & Spinelli Franco & Trecroci Carmine, 2012. "Macroeconomic Instability and the Phillips Curve in Italy," Economia politica, Società editrice il Mulino, issue 1, pages 19-44.
  6. Alessandro Fedele & Andrea Mantovani & Francesco Liucci, 2010. "Credit Availability in the crisis: which role for the European Investment Bank Group?," Working Papers 1005, University of Brescia, Department of Economics.

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