An equilibrium analysis of information aggregation and fluctuations in markets with discrete decisions.

DOI10.1016/S0022-0531(03)00081-4zbMath1084.91033MaRDI QIDQ1420878

Paul Beaudry, Francisco M. González

Publication date: 23 January 2004

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

zbMATH Keywords

aggregate investment fluctuationsallocative errorsdecentralized informationdiscrete investment

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economics of information (91B44)

Cites Work

• Partially-revealing rational expectations equilibrium in a competitive economy
• Aggregation, determinacy, and informational efficiency for a class of economies with asymmetric information
• The revelation of information and self-fulfilling beliefs
• Efficiency and information aggregation in auctions with costly information
• Sectoral Shocks, Learning, and Aggregate Fluctuations
• Informational Cycles
• Information Revelation and Strategic Delay in a Model of Investment
• Information Acquisition in Financial Markets

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