existence of such equilibrium is still characterized by the no-arbitrage condition of finance. This result, which extends our … equilibrium theory [1,7,10], under the standard assumption that agents had perfect foresights, that is they knew, ex ante, which …

Our earlier papers had extend to asymmetric information the classical existence theorems of general equilibrium theory … equilibrium prices belong to all agents expectations sets. We prove that the existence of a CFE is still characterized by the no-arbitrage … condition of finance. This result, which extends our earlier theorems, shows that private information or price uncertainty would …

-called "correct foresights equilibrium" was characterized by the no-arbitrage condition of finance. We now extend this result to the … theory, under the standard assumption that agents had perfect foresights, that is, they knew at the outset which price would …

existence of such equilibrium is still characterized by the no-arbitrage condition of finance. This result, which extends our … equilibrium theory [1,7,10], under the standard assumption that agents had perfect foresights, that is they knew, ex ante, which …