EconPapers    
Economics at your fingertips  
 

General Competitive Analysis with Asymmetric Information

Alberto Bisin () and Piero Gottardi ()

Working Papers from C.V. Starr Center for Applied Economics, New York University

Abstract: This paper studies competitive equilibria in economies characterized by the presence of asymmetric information (both of the moral hazard and the adverse selection type). We consider economies where non-exclusive contracts (securities) with payoffs dependent on the agents' private information are traded on competitive markets. It is shown that the existence of competitive equilibria is not guaranteed under the dame set of assumptions as with symmetric information.

Keywords: ASYMETRIC INFORMATION; ECONOMIC EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: D50 D82 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: General Competitive Analysis with Asymmetric Information (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cvs:starer:97-38

Ordering information: This working paper can be ordered from
C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012

Access Statistics for this paper

More papers in Working Papers from C.V. Starr Center for Applied Economics, New York University C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012. Contact information at EDIRC.
Bibliographic data for series maintained by Anne Stubing ( this e-mail address is bad, please contact ).

 
Page updated 2023-01-26
Handle: RePEc:cvs:starer:97-38