General Equilibrium with Private State Verification
作者： Carlos Hervés-Beloso , João Correia-da-Silva
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摘要: We study general equilibrium with private and incomplete state verification. Trade is agreed ex ante, that is, before information received. It useful to define a list of bundles as derivative good gives an agent the right receive one in list. Enforceable trade agreements can be described by Pi-measurable plans lists bundles, instead Radner (1968). In equilibrium, price coincides cheapest bundle list, it always delivered. This property leads system linear inequalities which are deliverability constraints on choice set. investigate existence case preferences Pi-measurable. If there perfectly informed trader economy, guaranteed.
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