Rational Expectation Can Preclude Trades

Takashi Matsuhisa, 隆 松久, Ryuichiro Ishikawa and 竜一郎 石川

No 2002-01, Discussion Papers from Graduate School of Economics, Hitotsubashi University

Keywords: Economy with knowledge; Rational expectations equilibrium; No trade theorem; Ex-ante Pareto optimum; Common-knowledge (search for similar items in EconPapers)
JEL-codes: C78 D51 D52 D61 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2003-11
Note: April, 2002; Revised: November, 2003
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Persistent link: https://EconPapers.repec.org/RePEc:hit:econdp:2002-01

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