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Incomplete Markets, Allocative Efficiency and the Information Revealed by Prices

Alessandro Citanna 1 Antonio Villanacci 2 
1 GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC
2 DIMADEFAS, Università degli Studi di Firenze
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
Keywords : Incomplete Markets Allocative Efficiency Prices
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https://hal-hec.archives-ouvertes.fr/hal-00601867
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Submitted on : Tuesday, June 21, 2011 - 12:17:13 AM
Last modification on : Saturday, June 25, 2022 - 10:52:23 AM

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  • HAL Id : hal-00601867, version 1

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Alessandro Citanna, Antonio Villanacci. Incomplete Markets, Allocative Efficiency and the Information Revealed by Prices. 1997. ⟨hal-00601867⟩

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