Asset market equilibrium with short-selling and differential information

Wassim Daher, V. Filipe Martins-da-Rocha and Yiannis Vailakis ()
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Yiannis Vailakis: CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: We introduce differential information in the asset market model studied by Cheng (1991), Dana and Le Van (1996) and Le Van and Truong Xuan (2001). An equilibrium existence result is proven assuming that the economy's information structure satisfies the conditional independency property.

Keywords: competitive equilibrium; differential information; Asset market; Marché d'actifs; information asymétrique; équilibre concurrentiel (search for similar items in EconPapers)
Date: 2005-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00173787v1
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Citations: View citations in EconPapers (2)

Published in 2005

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Related works:
Journal Article: Asset market equilibrium with short-selling and differential information (2007)
Working Paper: Asset market equilibrium with short-selling and differential information (2005)
Working Paper: Asset market equilibrium with short-selling and differential information (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00173787

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