| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 972216 | Mathematical Social Sciences | 2013 | 4 Pages |
Abstract
⺠We consider the extended Arrow-Debreu economy, introduced by Radner (1968). ⺠Agents have different information structures in the model. ⺠We provide a simple proof for the existence of a Walrasian equilibrium. ⺠Only one of n markets is active with the same trade across n states for all agents. ⺠We characterize the maximal number of active markets.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Seung Han Yoo,