The Connection Between Correlated and Sunspot Equilibria Revisited

Julio Davila

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: 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.

Keywords: INFORMATION; ECONOMICS; MATHEMATICAL ANALYSIS (search for similar items in EconPapers)
JEL-codes: C72 D90 D51 D82 D84 (search for similar items in EconPapers)
Date: 1999
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Persistent link: http://EconPapers.repec.org/RePEc:fth:pariem:1999.78

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