Toward a Strategic Foundation for Rational Expectations Equilibrium

A step toward a strategic foundation for rational expectations equilibrium is taken by considering a double auction with n buyers and m sellers with interdependent values and affiliated private information. If there are sufficiently many buyers and sellers, and their bids are restricted to a suffici...

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Veröffentlicht in:	Econometrica 2006-09, Vol.74 (5), p.1231-1269
Hauptverfasser:	Reny, Philip J, Perry, Motty
Format:	Artikel
Sprache:	eng
Schlagworte:	Applications Auction markets Auctions Bidding Bids double auction Economic agents Economic equilibrium Economic expectations Economic models Equilibrium equilibrium existence Equilibrium theory Exact sciences and technology Information aggregation Insurance, economics, finance Market equilibrium Market prices Market theory Mathematics monotone pure strategy Probability and statistics Rational expectations Rational expectations theory Rationing Sciences and techniques of general use Statistics Studies Trade
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