Showing 1 - 10 of 753
Persistent link: https://www.econbiz.de/10009664050
Persistent link: https://www.econbiz.de/10001616728
Persistent link: https://www.econbiz.de/10012128389
Persistent link: https://www.econbiz.de/10011817622
Persistent link: https://www.econbiz.de/10011974524
Persistent link: https://www.econbiz.de/10014480341
Persistent link: https://www.econbiz.de/10013465566
Persistent link: https://www.econbiz.de/10009307457
Persistent link: https://www.econbiz.de/10003501732
This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...
Persistent link: https://www.econbiz.de/10009259934