The existence of rational expectations equilibria in a large economy with noisy price observations

DOI10.1016/0304-4068(85)90029-1zbMath0583.90009OpenAlexW2020015079MaRDI QIDQ1069412

Beth Allen

Publication date: 1985

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(85)90029-1

zbMATH Keywords

asymmetric informationfixed-point argumentstate-dependent excess demand functionscontinuum of uninformed agentsmicro-economic pure exchange economiesnoisy price observationsNon-revealing rational expectations equilibria

Mathematics Subject Classification ID

Communication, information (94A99) General equilibrium theory (91B50) Critical points and critical submanifolds in differential topology (57R70)

Related Items (11)

Randomization and the limit points of monopolistic competition ⋮ Partially revealing rational expectations equilibria with nominal assets ⋮ Convergence of information, random variables and noise ⋮ Partially revealing rational expectations equilibrium with real assets and binding constraints ⋮ Investments in education and welfare in a two-sector, random matching economy ⋮ Implementation of Walrasian expectations equilibria ⋮ An expository note on individual risk without aggregate uncertainty ⋮ Aggregate preferred correspondence and the existence of a maximin REE ⋮ The existence of fully rational expectations approximate equilibria with noisy price observations ⋮ Expectations equilibria with dispersed forecasts ⋮ The existence of rational expectations equilibria in a large economy with noisy price observations

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