On the uniqueness of fully informative rational expectations equilibria

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Peter DeMarzo; Costis Skiadas;
(1998)
  • Subject:
    • jel: jel:D82 | jel:D84 | jel:G12

This paper analyzes two equivalent equilibrium notions under asymmetric information: risk neutral rational expectations equilibria (rn-REE), and common knowledge equilibria. We show that the set of fully informative rn-REE is a singleton, and we provide necessary and su... View more
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