| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 957428 | Journal of Economic Theory | 2010 | 29 Pages |
Abstract
We study the possibility of trade for purely informational reasons. We depart from previous analyses (e.g. Grossman and Stiglitz (1980) [22] and Milgrom and Stokey (1982) [32]) by allowing the final payoff of the asset being traded to depend on an action taken by its eventual owner. We characterize conditions under which equilibria with trade exist.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Philip Bond, Hülya Eraslan,