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

Paulo C. Coutinho

The Review of Economic Studies, 1986, vol. 53, issue 5, 883-884

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.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:53:y:1986:i:5:p:883-884.

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