Expectativas Racionais com Informação Assimétrica: Uma Introdução

Paulo Cesar Coutinho

Brazilian Review of Econometrics, 1993, vol. 13, issue 1

Abstract: This is an introduction to the theory of rational expectations. We caver the case of symmetric information and the case of asymmetric information. We show that with complete markets and a finite number of states there always exists a Pareto optimum rational expectations equilibrium. However, it is possible under the same circumstances to have other rational expectations equilibria that are Pareto dominated.

Date: 1993
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