Equilibrium theory with asymmetric information and infinitely many states

Year: 
2008
Autor(s): 
Carlos Hervés-Beloso; Victor Filipe Martins-da-Rocha; P. K. Monteiro
Serie number: 673
Abstract: 
Radner (1968) proved the existence of a competitive equilibrium for differential information economies with finitely many states. We extend this result to economies with infinitely many states of nature.