Equilibrium theory with asymmetric information and infinitely many states
Radner (1968) proved the existence of a competitive equilibrium for differential information economies with finitely many states. We extend this result to economies with infinitely many states of nature.
| Autores: | , , |
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2008 |
| País: | Brasil |
| Recursos: | Fundação Getulio Vargas (FGV) |
| Repositorio: | Repositório Institucional do FGV (FGV Repositório Digital) |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.fgv.br:10438/1023 |
| Acesso em linha: | http://hdl.handle.net/10438/1023 |
| Access Level: | acceso abierto |
| Palavra-chave: | Continuum of states Competitive equilibrium Properness Asymmetric information Economia Informação assimétrica |
| Resumo: | Radner (1968) proved the existence of a competitive equilibrium for differential information economies with finitely many states. We extend this result to economies with infinitely many states of nature. |
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