Communication equilibria with partially verifiable types
Article Abstract:
The set of equilibriums that can be attained by adding general communication systems to Bayesian games is explored. Communication equilibriums, information certification and revelation principle are also discussed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2005
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Inefficiency of equilibria with incomplete markets
Article Abstract:
Equilibriums with incomplete markets are normally Pareto inefficient. This Pareto inefficiency is attributed to the restraints imposed by budget.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2005
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Monetary equilibria in a cash-in-advance economy with incomplete financial markets
Article Abstract:
The existence of financial equilibrium in Ricardian or a non-Ricardian fiscal plan in the case of incomplete markets is analyzed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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