Resumen de Endogenous Information: The role of Sequential Trade and Financial Participation

Sebastian Cea Echenique, Carlos Hervés Beloso , Juan Pablo Torres-Martínez

• 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.