We study the relationship between the set of rational expectations equilibrium allocations and the ex-post core of exchange economies with asymmetric information.
Bibliographical noteFunding Information:
We thank a co-editor and a referee for helpful comments. This work was done while Einy and Shitovitz visited the Department of Economics of the Universidad Carlos III de Madrid. Einy acknowledges the financial support of the Universidad Carlos III de Madrid. Moreno acknowledges the support of the Spanish Ministry of Education, grant PB97-0091. Shitovitz acknowledges the support of the Spanish Ministry of Education, grant SAB98-0059.
- Asymmetric information
- Ex-post core
- Rational expectations equilibria
ASJC Scopus subject areas
- Economics and Econometrics
- Applied Mathematics