The equivalence of two rational expectations equilibrium economies with different approaches to processing neighbors' information

Lou, YC; Wang, SY

Lou, YC (corresponding author), Chinese Acad Sci, Acad Math & Syst Sci, 55 Zhongguancun East Rd, Beijing 100190, Peoples R China.

MATHEMATICAL SOCIAL SCIENCES, 2021; 109 (): 93

Abstract

We consider a finite-agent Hellwig (1980) economy with an extension to allow traders to observe their neighbors' signals in an exogenously given socia......

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