| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 957764 | Journal of Economic Theory | 2006 | 17 Pages |
Abstract
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini (Theory Decision 37 (1994) 107–124); Dekel, Lipman and Rustichini (Econometrica 66 (1998) 159–173)). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the literature.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Aviad Heifetz, Martin Meier, Burkhard C. Schipper,