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Reports Year : 1997

Incomplete Markets, Allocative Efficiency and the Information Revealed by Prices

Abstract

In this paper we compare rational expectations equilibria with different degrees of information revelation through prices. These equilibria arise in a two-period exchange economy with finitely many states and signals, multiple commodities and incomplete f
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Dates and versions

hal-00601867 , version 1 (21-06-2011)

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  • HAL Id : hal-00601867 , version 1

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Alessandro Citanna, Antonio Villanacci. Incomplete Markets, Allocative Efficiency and the Information Revealed by Prices. 1997. ⟨hal-00601867⟩

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