English, Article, Journal or magazine article edition: A remark on the supposed equivalence between complete markets and perfect foresight hypothesis Fratini, Saverio M.; Levrero, Enrico Sergio

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/97267
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A remark on the supposed equivalence between complete markets and perfect foresight hypothesis
Author
  • Fratini, Saverio M.
  • Levrero, Enrico Sergio
Physical Description
  • preprint
Notes
  • We consider a sequential equilibrium model over two periods, during the first of which agents have perfect information and their expectations are formed as if there were complete future markets. We show that, in the second period, equilibrium prices may well be different from those expected, without any unexpected change having occurred. This result highlights a lack of correspondence between the perfect foresight hypothesis and that of complete markets.
  • Arrow-Debreu equilibrium; Complete markets; Sequential equilibrium; Perfect foresight; Indeterminacy
  • RePEc:pra:mprapa:15988
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment