A Note on Information, Trade and Common Knowledge

Leonidas C. Koutsougeras; Nicholas C. Yannelis

doi:10.1007/978-3-319-44076-7_17

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A Note on Information, Trade and Common Knowledge

Book chapter

Open access

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, Springer International Publishing

12/04/2016

DOI: 10.1007/978-3-319-44076-7_17

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https://research.manchester.ac.uk/en/publications/b64a7d21-15a3-4436-8945-1f90d3e9a679View

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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

Details

Title: Subtitle: A Note on Information, Trade and Common Knowledge
Creators: Leonidas C. Koutsougeras - University of Manchester
Nicholas C. Yannelis - University of Iowa
Resource Type: Book chapter
Publication Details: Sunspots and Non-Linear Dynamics, pp.403-409
Series: Studies in Economic Theory
DOI: 10.1007/978-3-319-44076-7_17
eISSN: 2196-9930
ISSN: 1431-8849
Publisher: Springer International Publishing; Cham
Language: English
Date published: 12/04/2016
Academic Unit: Economics
Record Identifier: 9984380632602771

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