Trade with Heterogeneous Prior Beliefs and Asymmetric Information
- 1 November 1994
- journal article
- Published by JSTOR in Econometrica
- Vol. 62 (6) , 1327
- https://doi.org/10.2307/2951751
Abstract
"No trade" theorems have shown that new information will not lead to trade when agents share the same prior beliefs. This paper explores the structure...Keywords
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