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Equilibrium theory with asymmetric information and infinitely many states

  • Carlos Hervés-Beloso

    ()

  • V. Martins-da-Rocha

    ()

  • Paulo Monteiro

    ()

Radner (1968) proved the existence of a competitive equilibrium for differential information economies with finitely many states. We extend this result to economies with infinitely many states of nature.

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File URL: http://hdl.handle.net/10.1007/s00199-008-0359-3
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Article provided by Springer & Society for the Advancement of Economic Theory (SAET) in its journal Economic Theory.

Volume (Year): 38 (2009)
Issue (Month): 2 (February)
Pages: 295-320

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Handle: RePEc:spr:joecth:v:38:y:2009:i:2:p:295-320
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