COMPETITIVE EQUILIBRIUM CONTINGENT COMMODITIES AND INFORMATION*
نویسندگان
چکیده
منابع مشابه
Equilibrium theory with asymmetric information and with infinitely many commodities
The traditional deterministic general equilibrium theory with infinitely many commodities cannot cover economies with private information constraints on the consumption sets. We bring the level of asymmetric information equilibrium theory at least at par with that of the deterministic. In particular, we establish results on equilibrium existence for exchange economies with asymmetric (different...
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1. GENERAL COMPETITIVE EQUILIBRIUM 1.1. Economic system. An economic system is a collection of consumers, firms, and products and the environment in which they make decisions. We summarize this information as follows. 1.1.1. The economic environment. The actions taken by any agent depend on the opportunities presented to that agent. These opportunities depend on the economic environment of the ...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 1977
ISSN: 0022-1082
DOI: 10.1111/j.1540-6261.1977.tb03253.x