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We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10010250539
We prove a \no-speculative-trade" theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10009782964
We prove a no-speculative-trade theorem under unawareness for the infinite case. This generalizes the result for the …
Persistent link: https://www.econbiz.de/10010318836
We generalize the "No-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10008636463
We generalize the No-trade theorem for finite unawareness belief structures in Heifetz, Meier, and Schipper (2009) to …
Persistent link: https://www.econbiz.de/10010282118
We generalize the ``No-speculative-trade" theorem for finite unawareness belief structures in Heifetz, Meier, and …
Persistent link: https://www.econbiz.de/10008620348
restricted from higher to lower awareness levels. We use our unawareness belief structure to show that the common prior …We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define …
Persistent link: https://www.econbiz.de/10010365853
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for potential applications of asymmetric unawareness. Applying our unawareness belief structures, we show that the … common prior assumption is too weak to rule out speculative trade in all states. Yet, we prove a generalized No-speculative-trade …
Persistent link: https://www.econbiz.de/10010282100
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for potential applications of asymmetric unawareness. Applying our unawareness belief structures, we show that the … common prior assumption is too weak to rule out speculative trade in all states. Yet, we prove a generalized "No-speculative-trade …
Persistent link: https://www.econbiz.de/10009350254
our unawareness belief structures, we show that the common prior assumption is too weak to rule out speculative trade in …We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are … desirable for potential applications of asymmetric unawareness. We compare unawareness with probability zero belief. Applying …
Persistent link: https://www.econbiz.de/10008527367