Sun, Yeneng; Wu, Lei; Yannelis, Nicholas C. - In: Games and Economic Behavior 76 (2012) 1, pp. 329-339
The rational expectations equilibrium (REE), as introduced in Radner (1979) in a general equilibrium setting à la Arrow–Debreu–McKenzie, often fails to have desirable properties such as universal existence, incentive compatibility and efficiency. We resolve those problems by providing a new...
