Title: Non-Optimality of Rational Expectations Equilibrium: The Complete Markets Case
Abstract: In this note we show that the conditions that guarantee uniqueness and optimality of Walrasian equilibrium under uncertainty are not sufficient to guarantee these results for non-noisy rational expectations equilibrium under asymmetric information.
Publication Year: 1986
Publication Date: 1986-10-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 1
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