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A Note on Information, Trade and Common Knowledge
Book chapter

A Note on Information, Trade and Common Knowledge

Leonidas C. Koutsougeras and Nicholas C. Yannelis
Sunspots and Non-Linear Dynamics, pp.403-409
Studies in Economic Theory, v. 31, Springer International Publishing
12/04/2016
DOI: 10.1007/978-3-319-44076-7_17

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Abstract

We recast the well known no trade result in Milgrom and Stokey (1982) using the appropriate definition of efficiency among several available in the asymmetric information framework.
Common knowledge D81 D82 D86 Efficiency Information

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