A Note on Information, Trade and Common Knowledge

Leonidas C. Koutsougeras () and Nicholas C. Yannelis
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Leonidas C. Koutsougeras: University of Manchester
Nicholas C. Yannelis: University of Iowa

Chapter Chapter 17 in Sunspots and Non-Linear Dynamics, 2017, pp 403-409 from Springer

Abstract: Abstract We recast the well known no trade result in Milgrom and Stokey (1982) using the appropriate definition of efficiency among several available in the asymmetric information framework.

Keywords: Information; Efficiency; Common knowledge; D5; D81; D82; D86 (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-44076-7_17

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