Equilibrium price formation in markets with differentially informed agents

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


We consider a pure exchange economy with a finite set of types of agents which have incomplete and asymmetric information on the states of nature. Our aim was to describe the equilibrium price formation and analyze how the lack of information may affect the allocation of resources. To do so, we adapt to an asymmetric information scenario a variant of the Shapley-Shubik game introduced by Dubey and Geanakoplos (J Math Econ 39:391-400, 2003).
Original languageUnknown
Pages (from-to)205-218
JournalEconomic Theory
Issue number1
Publication statusPublished - 1 Jan 2011

Cite this