理性预期均衡的非最优性:完全市场情形

Non-Optimality of Rational Expectations Equilibrium: The Complete Markets Case

Review of Economic Studies · 1986
被引 1
人大 A+FT50ABS 4*

中文导读

证明,在非对称信息下,确保瓦尔拉斯均衡唯一且最优的条件,不足以保证非噪声理性预期均衡同样成立。

Abstract

In this note we show that the conditions that guarantee uniqueness and optimality of Walrasian equilibrium under uncertainty are not sufficient to guarantee these results for non-noisy rational expectations equilibrium under asymmetric information.

理性预期均衡非最优性完全市场非对称信息