A note on the welfare of the maximin rational expectations

Zhiwei Liu ()
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Zhiwei Liu: The University of Illinois

Economic Theory Bulletin, 2014, vol. 2, issue 2, No 8, 213-218

Abstract: Abstract We provide a counterexample to the ex-ante efficiency of the maximin rational expectations equilibrium. In particular, we show that a maximin rational expectations equilibrium allocation may not be ex-ante maximin efficient, and therefore it may not be in the maximin core.

Keywords: Maximin rational expectations equilibrium; Ex-ante efficiency (search for similar items in EconPapers)
JEL-codes: D51 D61 D80 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s40505-014-0045-5

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