Equilibrium with Heterogenous Information

Abstract

We consider the equilibrium problem in the presence of information asymmetry. There are three investor types: informed, who initially see a noisy version of the terminal asset value; uninformed who see no signal; and noise,... [ view full abstract ]

Authors

  1. Scott Robertson (Boston University, Questrom School of Business)
  2. Marcel Rindisbacher (Boston University, Questrom School of Business)
  3. Jerome Detemple (Boston University, Questrom School of Business)

Topic Areas

Equilibrium Models , Information Models , Utility Theory

Session

TU-A-UI » Equilibria: Heterogenous Preferences & Information, Learning & Reference Dependence (11:30 - Tuesday, 17th July)

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