We study the effect of stochastically delayed communication on common knowledge acquisition (common learning). If … messages do not report dispatch times, communication prevents common learning under general conditions even if common knowledge …

that are consistent with common knowledge of rationality and market clearing (henceforth, CKRMC outcomes) in terms of a … with common knowledge of rationality and market clearing even when there is common knowledge that there are no mutual gains …Consider an exchange economy with asymmetric information. What is the set of outcomes that are consistent with common …

compatible with common knowledge of rationality and common knowledge of p.beliefs (beliefs that put probability at least p on the …

We study the effect of stochastically delayed communication on common knowledge acquisition (common learning). If … messages do not report dispatch times, communication prevents common learning under general conditions even if common knowledge …

disassociation under common knowledge (the agents' types are independent, conditional on some common-knowledge variable). Subjective … that disassociates types is more informative than any common-knowledge variable. With three or more agents, conditions (i …) and (ii) are equivalent. They also imply that any variable which is common knowledge to two agents is common knowledge to …

common knowledge. But often the sets of relevant knowledge of the relevant actors do not approximate the common knowledge …

disassociation under common knowledge (the agents’ types are independent, conditional on some common-knowledge variable). Subjective … that disassociates types is more informative than any common-knowledge variable. With three or more agents, conditions (i …) and (ii) are equivalent. They also imply that any variable which is common knowledge to two agents is common knowledge to …