Matches in SemOpenAlex for { <https://semopenalex.org/work/W1567740174> ?p ?o ?g. }
Showing items 1 to 70 of
70
with 100 items per page.
- W1567740174 endingPage "357" @default.
- W1567740174 startingPage "357" @default.
- W1567740174 abstract "Under the assumption of complete markets, a fundamental result of competitive market analysis (whether for speculative or commodity markets) is that prices contain all information necessary for optimal decisionmaking by individual economic units. The role that prices play in disseminating information is analyzed in the context of two different models. First an economy under uncertainty without complete markets is analyzed. Conditions are specified under which equilibrium prices reflect (or transmit) all available information to market observers. It is shown that uninformed market observers can deduce inside information about the environment from the change in the equilibrium price when there is a one-to-one correspondence between the market price and the useful part of the information received. For a special case, sufficient conditions for invertibility are derived. Then a Bayesian hypothesis is used to study the price expectations formed on the basis of information obtained about the economy from observations of past market prices. The Bayesian price expectations are shown to converge, as price observations accumulate, to the expectations of an observer who knows the true structure of the economy." @default.
- W1567740174 created "2016-06-24" @default.
- W1567740174 creator A5022520976 @default.
- W1567740174 creator A5057102227 @default.
- W1567740174 date "1975-01-01" @default.
- W1567740174 modified "2023-10-01" @default.
- W1567740174 title "Information and Market Equilibrium" @default.
- W1567740174 cites W1600167082 @default.
- W1567740174 cites W2006258746 @default.
- W1567740174 cites W2024007466 @default.
- W1567740174 cites W2026324852 @default.
- W1567740174 cites W2046712495 @default.
- W1567740174 cites W2052042615 @default.
- W1567740174 cites W2054235992 @default.
- W1567740174 cites W2060539744 @default.
- W1567740174 cites W2087096517 @default.
- W1567740174 cites W2090637028 @default.
- W1567740174 cites W2151683485 @default.
- W1567740174 cites W2324882973 @default.
- W1567740174 doi "https://doi.org/10.2307/3003230" @default.
- W1567740174 hasPublicationYear "1975" @default.
- W1567740174 type Work @default.
- W1567740174 sameAs 1567740174 @default.
- W1567740174 citedByCount "64" @default.
- W1567740174 countsByYear W15677401742013 @default.
- W1567740174 countsByYear W15677401742014 @default.
- W1567740174 countsByYear W15677401742015 @default.
- W1567740174 countsByYear W15677401742016 @default.
- W1567740174 countsByYear W15677401742017 @default.
- W1567740174 countsByYear W15677401742018 @default.
- W1567740174 countsByYear W15677401742019 @default.
- W1567740174 countsByYear W15677401742020 @default.
- W1567740174 countsByYear W15677401742021 @default.
- W1567740174 countsByYear W15677401742022 @default.
- W1567740174 crossrefType "journal-article" @default.
- W1567740174 hasAuthorship W1567740174A5022520976 @default.
- W1567740174 hasAuthorship W1567740174A5057102227 @default.
- W1567740174 hasConcept C103382277 @default.
- W1567740174 hasConcept C133425853 @default.
- W1567740174 hasConcept C144237770 @default.
- W1567740174 hasConcept C162324750 @default.
- W1567740174 hasConcept C165404738 @default.
- W1567740174 hasConcept C175444787 @default.
- W1567740174 hasConceptScore W1567740174C103382277 @default.
- W1567740174 hasConceptScore W1567740174C133425853 @default.
- W1567740174 hasConceptScore W1567740174C144237770 @default.
- W1567740174 hasConceptScore W1567740174C162324750 @default.
- W1567740174 hasConceptScore W1567740174C165404738 @default.
- W1567740174 hasConceptScore W1567740174C175444787 @default.
- W1567740174 hasIssue "1" @default.
- W1567740174 hasLocation W15677401741 @default.
- W1567740174 hasOpenAccess W1567740174 @default.
- W1567740174 hasPrimaryLocation W15677401741 @default.
- W1567740174 hasRelatedWork W1964178584 @default.
- W1567740174 hasRelatedWork W1971982492 @default.
- W1567740174 hasRelatedWork W1990941443 @default.
- W1567740174 hasRelatedWork W2027113624 @default.
- W1567740174 hasRelatedWork W2099307419 @default.
- W1567740174 hasRelatedWork W2164997882 @default.
- W1567740174 hasRelatedWork W2998387623 @default.
- W1567740174 hasRelatedWork W3122268008 @default.
- W1567740174 hasRelatedWork W4205884328 @default.
- W1567740174 hasRelatedWork W2181773312 @default.
- W1567740174 hasVolume "6" @default.
- W1567740174 isParatext "false" @default.
- W1567740174 isRetracted "false" @default.
- W1567740174 magId "1567740174" @default.
- W1567740174 workType "article" @default.