Partial Revelation with Rational Expectations

Aviad Heifetz and Heracles Polemarchakis
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Aviad Heifetz: The School of Mathematical Sciences, Tel Aviv University
Heracles Polemarchakis: CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium

No 1995079, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: For alternative specifications of an economy under uncertainty, we build a partially revealing Rational Expectations Equilibrium (REE). At equilibrium, no individual knows the state of the world or the quantities traded by other individuals. The combination of these partial revelation properties is not a feature of the examples of partial revelation in the literature. A general proposition characterizes the residual dimension of uncertainty at a smooth REE.

Keywords: Rational expectations; partial revelation (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 1995-12-01
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Related works:
Journal Article: Partial Revelation with Rational Expectations (1998)
Working Paper: Partial revelation with rational expectations
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1995079

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