Market selection with endogenous information revelation

作者:Condie Scott*; Yoo Seung Han
来源:International Journal of Economic Theory, 2011, 7(2): 201-215.
DOI:10.1111/j.1742-7363.2011.00159.x

摘要

This paper uses the dynamic general equilibrium model developed by Mailath and Sandroni (2003) but allows information revelation to be determined endogenously. The paper establishes sufficient conditions on the exogenous information arrival process that ensure that an investor who receives unique information infinitely often drives out an investor who receives unique information only finitely often.

  • 出版日期2011-6
  • 单位南阳理工学院

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