Endogenous Information: The role of Sequential Trade and Financial Participation
-
Autores: Sebastian Cea Echenique, Carlos Hervés Beloso
, Juan Pablo Torres-Martínez
- Localización: Working paper series ( RGEA ), Nº. 7, 2012
- Idioma: inglés
- Enlaces
-
Resumen
We develop a general equilibrium model with differential information and incomplete ffinancial participation. Agents endogenously update information from commodity prices and ffinancial contracts. Without require ffinancial survival assumptions, we prove equilibrium existence in a model where the heterogeneity of preferences across states of nature may depends on available information.
¿Es nuevo? Regístrese
Ventajas de registrarse
