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) is robust. -- rational expectations equilibrium ; strategic complementarity ; multiplicity of equilibria ; asymmetric …
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, in theory, lead to a Correlated Equilibrium that can improve the overall payoffs of the agents. Here we explore whether … coordinate, often in complex ways, even without an external signal. Furthermore, when a signal is present, Correlated Equilibrium …
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We study a general static noisy rational expectations model, where investors have private information about asset payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions for existence and uniqueness (or multiplicity) of...
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