We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
ON THE WELFARE ANALYSIS OF RATIONAL EXPECTATIONS EQUILIBRIA WITH ASYMMETRIC INFORMATION.
- Authors
Laffont, Jean-Jacques
- Abstract
Rational expectations equilibria are analyzed as incentive compatible mechanisms. The sense in which they can be implemented is made precise. Then, a welfare analysis of these equilibria is carried out within the class of mechanisms having the same incentive compatibility properties and the same communication constraints.
- Subjects
RATIONAL expectations (Economic theory); ECONOMIC equilibrium; ECONOMETRICS; ECONOMICS; MATHEMATICAL economics; MATHEMATICAL models; ECONOMETRIC models; ECONOMIC statistics; ECONOMIC models; MARKET equilibrium
- Publication
Econometrica, 1985, Vol 53, Issue 1, p1
- ISSN
0012-9682
- Publication type
Article
- DOI
10.2307/1911721