Jerez, Belén - Departamento de Economía, Universidad Carlos III de Madrid - 2003
two key properties: (i) the equilibrium prices reflect all the relevant information, including the welfare costs arising … equilibrium
has two key properties: (i) the equilibrium prices reflect all the relevant information, including the
welfare costs … with Asymmetric Information: A Dual Approach.” I am indebted to my advisor, Joe Ostroy, for his
invaluable guidance. I am …