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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 : Allocative Efficiency Prices Incomplete Markets
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https://hal-hec.archives-ouvertes.fr/hal-00601867
Contributor : Antoine Haldemann <>
Submitted on : Tuesday, June 21, 2011 - 12:17:13 AM
Last modification on : Wednesday, April 15, 2020 - 9:56:12 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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