Rational expectations equilibria and the ex-post core of an economy with asymmetric information

Ezra Einy, Diego Moreno, Benyamin Shitovitz

Research output: Contribution to journalArticlepeer-review

Abstract

We study the relationship between the set of rational expectations equilibrium allocations and the ex-post core of exchange economies with asymmetric information.

Original languageEnglish
Pages (from-to)527-535
Number of pages9
JournalJournal of Mathematical Economics
Volume34
Issue number4
DOIs
StatePublished - Dec 2000

Bibliographical note

Funding 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.

Keywords

  • Asymmetric information
  • Ex-post core
  • Rational expectations equilibria

ASJC Scopus subject areas

  • Economics and Econometrics
  • Applied Mathematics

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