On Equilibrium Uniqueness in Multi-Asset Noisy Rational Expectations Economies

This paper studies equilibrium uniqueness in multi-asset noisy rational expectations economies with asymmetric information, an extension of Grossman and Stiglitz (1980). We show the existence of a linear equilibrium, and prove its uniqueness among equilibria with any continuous price function. Finally, we provide several other examples of multi-asset, asymmetric information economies that admit unique continuous equilibria

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Year of publication:	2015
Authors:	Pálvölgyi, Dömötör
Other Persons:	Venter, Gyuri (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Rationale Erwartung \| Rational expectations \| Gleichgewichtstheorie \| Equilibrium theory \| Gleichgewichtsmodell \| Equilibrium model \| Spieltheorie \| Game theory

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