| Title | Equilibrium price formation in markets with differentiated informed agents |
| Publication Type | Unpublished |
| Year of Publication | 2010 |
| Authors | Faias M, Hervés-Beloso C, Moreno-García E |
| Series Title | Preprint |
| Keywords | Competitive equilibrium, differential information, Nash equilibrium |
| Abstract | We consider a pure exchange economy with a finite set of type sof agents which have incomplete and asymmetric information on the states of nature. Our aim is to describe the equilibrium price formation and analyze how the lack of information may affect the allocation of resources. For it, we adapt to an asymmetric information scenario a variant of the Shapley-Shubik game introduced by Dubey and Geanakoplos (2003). |
| URL | http://www.dm.fct.unl.pt/sites/www.dm.fct.unl.pt/files/preprints/2010/10_10.pdf |
