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Reports
Incomplete Markets, Allocative Efficiency and the Information Revealed by Prices
Abstract : In this paper we compare rational expectations equilibria with different degrees of information revelation through prices. These equilibria arise in a two-period exchange economy with finitely many states and signals, multiple commodities and incomplete f
https://hal-hec.archives-ouvertes.fr/hal-00601867
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Tuesday, June 21, 2011 - 12:17:13 AM
Last modification on : Wednesday, April 15, 2020 - 9:56:12 AM
Contributor : Antoine Haldemann Connect in order to contact the contributor
Submitted on : Tuesday, June 21, 2011 - 12:17:13 AM
Last modification on : Wednesday, April 15, 2020 - 9:56:12 AM