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Essays on Information and Markets

Klishchuk, Bogdan


This thesis provides new equilibrium existence results for markets with information asymmetries and relates them in a novel way to the role of economic intermediation. Under atomless uncertainty, single market linear price equilibria are known not to exist prevalently even when agents are risk averse expected utility maximizers. The notion of prevalence involves essentially picking an economy at random. Bypassing the nonexistence problem is one of the...[Show more]

CollectionsOpen Access Theses
Date published: 2017
Type: Thesis (PhD)


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