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- W3123962893 abstract "We study a two-period, pure exchange economy with an incomplete nominal asset market where agents have private information and learn from prices. It is well known that the indeterminacy of equilibrium prices, and, generically, allocations, that characterises economies with an incomplete financial market and nominal assets may be exploited to determine the degree of information disclosure by rational expectations equilibrium prices. Here we provide a general characterization of the dimension of the indeterminacy of rational expectations equilibria." @default.
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- W3123962893 date "2003-09-01" @default.
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- W3123962893 title "Indeterminacy of rational expectations equilibria in sequential financial markets" @default.
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- W3123962893 doi "https://doi.org/10.1016/s0304-4068(03)00023-5" @default.
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