Arbeitspapier
Non-implementation of rational expectations as a perfect Bayesian equilibrium
We show that a rational expectations equilibrium need not be incentive compatible, need not be implementable as a perfect Bayesian equilibrium and may not be fully Pareto optimal, unless the utility functions are state independent. A comparison of rational expectations equilibria with core concepts is also provided.
- Sprache
-
Englisch
- Erschienen in
-
Series: Reihe Ökonomie / Economics Series ; No. 148
- Klassifikation
-
Wirtschaft
Cooperative Games
Noncooperative Games
Asymmetric and Private Information; Mechanism Design
- Thema
-
differential information economy
rational expectations equilibrium
coalitional Bayesian incentive compatibility
implementation
game trees
private core
weak fine core
interim weak fine core
Rationale Erwartung
Bayes-Statistik
Nutzenfunktion
Spieltheorie
Asymmetrische Information
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Glycopantis, Dionysius
Muir, Allan
Yannelis, Nicholas C.
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Advanced Studies (IHS)
- (wo)
-
Vienna
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Glycopantis, Dionysius
- Muir, Allan
- Yannelis, Nicholas C.
- Institute for Advanced Studies (IHS)
Entstanden
- 2004
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