A Theory of Money and Financial Institutions. Part 24. Trade and Prices in a Closed Economy with Exogenous Uncertainty, Different Levels of Information, Money and Compound Future Markets,
Abstract
;Contents: The competitive equilibrium; A related trading game; Trade with exogenous uncertainty; The existence of a noncooperative equilibrium with nonsymmetric information; An example; Convergence of the equilibrium with replication; Futures markets and the distribution of information.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 05, 1976
- Accession Number
- ADA022006
Entities
People
- Martin Shubik
- Pradeep Dubey
Organizations
- Yale University