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.

Verification (Logic)

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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.

Forecasts, trends, outlooks, Forecasts and trends, Market trend/market analysis, Financial markets

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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.

Public Finance Activities, Germany, Fiscal Policy, Economic aspects

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