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Competitive Markets with Private Information on Both Sides

  • Martin Meier
  • Enrico Minelli
  • Herakles Polemarchakis

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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