The Connection Between Correlated and Sunspot Equilibria Revisited.

This paper shows how to make hold the conjecture stated in Maskin an Tirole about the existence of a close connection between the finite, markovian stationary equilibria of a simple overlapping generations economy and the correlated equilibria of an associated finite exchange economy with extrinsic uncertainty but asymmetric information about it.

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Year of publication:	1999
Authors:	Davila, J.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	INFORMATION \| ECONOMICS \| MATHEMATICAL ANALYSIS

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	11 pages
Classification:	C72 - Noncooperative Games ; D90 - Intertemporal Choice and Growth. General ; D51 - Exchange and Production Economies ; D82 - Asymmetric and Private Information ; D84 - Expectations; Speculations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005475338