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Asymmetric information in a competitive market game: Reexamining the implications of rational expectations

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Publication:1293742
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DOI10.1007/s001990050272zbMath0943.91019OpenAlexW2087884108MaRDI QIDQ1293742

Matthew O. Jackson, James Peck

Publication date: 29 June 1999

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050272


zbMATH Keywords

asymmetric informationrational expectationsinformation acquisitionmarket gameexcess volatility


Mathematics Subject Classification ID

Applications of game theory (91A80)


Related Items

The possibility of informationally efficient markets ⋮ Bad news can be good news: early dropouts in an English auction with multi-dimensional signals ⋮ Updating toward the signal ⋮ Information-based trade ⋮ Functional rational expectations equilibria in market games ⋮ Large market games with demand uncertainty. ⋮ Informed trading and the `leakage' of information ⋮ Computation in a distributed information market ⋮ A battle of informed traders and the market game foundations for rational expectations equilibrium



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