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Market demand of smart but uninformed consumers rotates counterclockwise with better information : surprising welfare effects

Graça, Tarcisio Barroso da; Masson, Robert T. - In: Applied economics letters 23 (2016) 1/3, pp. 11-14

Persistent link: https://www.econbiz.de/10011414186

Reconsidering rational expectations and the aggregation of diverse information in laboratory security markets

Corgnet, Brice; Deck, Cary A.; DeSantis, Mark; Hampton, Kyle - 2019

Persistent link: https://www.econbiz.de/10012207511

Reconsidering rational expectations and the aggregation of diverse information in laboratory security markets

Corgnet, Brice; Deck, Cary A.; DeSantis, Mark; Hampton, Kyle - 2020

Persistent link: https://www.econbiz.de/10012209160

Indeterminacy and imperfect information

Lubik, Thomas A.; Matthes, Christian; Mertens, Elmar - 2020

We study equilibrium determination in an environment where two kinds of agents have different information sets: The fully informed agents know the structure of the model and observe histories of all exogenous and endogenous variables. The less informed agents observe only a strict subset of the...