Asymmetric information and rationalizability
نویسندگان
چکیده
منابع مشابه
Asymmetric Information and Rationalizability
We study how asymmetric information affects the set of rationalizable solutions in a linear setup where the outcome is determined by forecasts about this same outcome. The unique rational expectations equilibrium is also the unique rationalizable solution when the sensitivity of the outcome to agents’ forecasts is less than one, provided that this sensitivity is common knowledge. Relaxing this ...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2012
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-012-0731-1