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A New Perspective on Rational Expectations

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  • Wei He
  • Nicholas C. Yannelis

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  • Wei He & Nicholas C. Yannelis, 2013. "A New Perspective on Rational Expectations," The School of Economics Discussion Paper Series 1317, Economics, The University of Manchester.
  • Handle: RePEc:man:sespap:1317
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    File URL: http://hummedia.manchester.ac.uk/schools/soss/economics/discussionpapers/EDP-1317.pdf
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    References listed on IDEAS

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    1. Hausman, Jerry A. & Taylor, William E., 1981. "Panel data and unobservable individual effects," Journal of Econometrics, Elsevier, vol. 16(1), pages 155-155, May.
    2. João Correia-da-Silva & Carlos Hervés-Beloso, 2009. "Prudent expectations equilibrium in economies with uncertain delivery," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 67-92.
    3. Holmstrom, Bengt & Myerson, Roger B, 1983. "Efficient and Durable Decision Rules with Incomplete Information," Econometrica, Econometric Society, pages 1799-1819.
    4. repec:dau:papers:123456789/2344 is not listed on IDEAS
    5. McLean, Richard & Postlewaite, Andrew, 2005. "Core convergence with asymmetric information," Games and Economic Behavior, Elsevier, pages 58-78.
    6. Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2012. "Existence, incentive compatibility and efficiency of the rational expectations equilibrium," Games and Economic Behavior, Elsevier, pages 329-339.
    7. Bhowmik, Anuj & Cao, Jiling, 2012. "Blocking efficiency in an economy with asymmetric information," Journal of Mathematical Economics, Elsevier, vol. 48(6), pages 396-403.
    8. Schmeidler, David, 1972. "A Remark on the Core of an Atomless Economy," Econometrica, Econometric Society, pages 579-580.
    9. Anderlini Luca & Felli Leonardo & Postlewaite Andrew, 2011. "Should Courts Always Enforce What Contracting Parties Write?," Review of Law & Economics, De Gruyter, pages 14-28.
    10. Zhiwei Liu & Nicholas C. Yannelis, 2013. "Implementation under ambiguity: the maximin core," The School of Economics Discussion Paper Series 1319, Economics, The University of Manchester.
    11. Koutsougeras, Leonidas C & Yannelis, Nicholas C, 1993. "Incentive Compatibility and Information Superiority of the Core of an Economy with Differential Information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 195-216.
    12. Yeneng Sun & Nicholas Yannelis, 2008. "Ex ante efficiency implies incentive compatibility," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 35-55.
    13. Bhowmik, Anuj & Cao, Jiling, 2013. "Robust efficiency in mixed economies with asymmetric information," Journal of Mathematical Economics, Elsevier, vol. 49(1), pages 49-57.
    14. Dionysius Glycopantis & Allan Muir & Nicholas C. Yannelis, 2003. "On extensive form implementation of contracts in differential information economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 495-526.
    15. Luciano De Castro & Marialaura Pesce & Nicolas Yannelis, 2011. "Core and Equilibria under ambiguity," Discussion Papers 1534, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    16. Anuj Bhowmik & Jiling Cao, 2013. "On the core and Walrasian expectations equilibrium in infinite dimensional commodity spaces," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 537-560.
    17. Yannelis, Nicholas C, 1991. "The Core of an Economy with Differential Information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 183-197.
    18. Bengt Holmstrom & Roger B. Myerson, 1981. "Efficient and Durable Decision Rules with Incomplete Information," Discussion Papers 495, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    19. Einy, Ezra & Shitovitz, Benyamin, 2001. "Private Value Allocations in Large Economies with Differential Information," Games and Economic Behavior, Elsevier, pages 287-311.
    20. Ezra Einy & Diego Moreno & Benyamin Shitovitz, 2001. "Competitive and core allocations in large economies with differential information," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 321-332.
    21. Krasa, Stefan & Yannelis, Nicholas C, 1994. "The Value Allocation of an Economy with Differential Information," Econometrica, Econometric Society, pages 881-900.
    22. Sun, Yeneng & Yannelis, Nicholas C., 2007. "Core, equilibria and incentives in large asymmetric information economies," Games and Economic Behavior, Elsevier, pages 131-155.
    23. Luciano I. de Castro & Marialaura Pesce & Nicholas C. Yannelis, 2013. "A New Perspective on Rational Expectations," The School of Economics Discussion Paper Series 1316, Economics, The University of Manchester.
    24. Herves-Beloso, Carlos & Moreno-Garcia, Emma & Yannelis, Nicholas C., 2005. "An equivalence theorem for a differential information economy," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 844-856, November.
    25. Grodal, Birgit, 1972. "A Second Remark on the Core of an Atomless Economy," Econometrica, Econometric Society, pages 581-583.
    26. Laura Angeloni & V. Martins-da-Rocha, 2009. "Large economies with differential information and without free disposal," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 263-286.
    27. Luciano Castro & Marialaura Pesce & Nicholas Yannelis, 2011. "Core and equilibria under ambiguity," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), pages 519-548.
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    Cited by:

    1. Horan, Sean, 2016. "A simple model of two-stage choice," Journal of Economic Theory, Elsevier, pages 372-406.
    2. Riella, Gil & Teper, Roee, 2014. "Probabilistic dominance and status quo bias," Games and Economic Behavior, Elsevier, pages 288-304.
    3. Manzini, Paola & Mariotti, Marco & Tyson, Christopher J., 2016. "Partial knowledge restrictions on the two-stage threshold model of choice," Journal of Mathematical Economics, Elsevier, pages 41-47.
    4. García-Sanz, María D. & Alcantud, José Carlos R., 2015. "Sequential rationalization of multivalued choice," Mathematical Social Sciences, Elsevier, pages 29-33.
    5. Danilov, V., 2015. "Beyond Classical Rationality: Two-Stage Rationalization," Journal of the New Economic Association, New Economic Association, pages 12-35.
    6. Anuj Bhowmik & Jiling Cao, 2016. "Rational expectations equilibria: existence and representation," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), pages 367-386.
    7. Horan, Sean, 2016. "A simple model of two-stage choice," Journal of Economic Theory, Elsevier, pages 372-406.
    8. Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2016. "Parametric Recoverability of Preferences," Microeconomics.ca working papers yoram_halevy-2016-11, Vancouver School of Economics, revised 02 Nov 2016.
    9. Anuj Bhowmik & Jiling Cao, 2017. "Ex-post core, fine core and rational expectations equilibrium allocations," Papers 1703.08807, arXiv.org.
    10. Yoram Halevy, 2015. "Time Consistency: Stationarity and Time Invariance," Econometrica, Econometric Society, vol. 83, pages 335-352, January.
    11. Nishimura, Hiroki & Ok, Efe A., 2016. "Utility representation of an incomplete and nontransitive preference relation," Journal of Economic Theory, Elsevier, pages 164-185.
    12. repec:eee:jetheo:v:169:y:2017:i:c:p:93-127 is not listed on IDEAS

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