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Title:Value of information in competitive economies with incomplete markets Author(s):GOTTARDI, Piero
; RAHI, RohitDate:2014Citation:
- International Economic Review, 2014, Vol. 55, No. 1, pp. 57–81
Type:ArticleAbstract:We study the value of public information in competitive economies with incomplete markets. We show that generically the welfare effect of a change in the information available prior to trading can be in any direction : ...
; RAHI, RohitDate:2014Citation:
Title:Value of Information in Competitive Economies with Incomplete Markets Author(s):GOTTARDI, Piero; RAHI, RohitDate:2010Type:Working PaperSeries/Number:EUI ECO; 2010/34Abstract:We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
; RAHI, RohitDate:2010Type:Working PaperSeries/Number:EUI ECO; 2010/34Abstract:We study the value of information in a competitive economy in which agents trade in asset markets to reallocate risk. We characterize the kinds of information that allow a welfare improvement when portfolios can be freely ...
Title:Risk sharing and retrading in incomplete markets Author(s):GOTTARDI, Piero; RAHI, RohitDate:2013Citation:
- Economic Theory, 2013, Vol. 54, No. 2, pp. 287-304
Type:ArticleAbstract:At a competitive equilibrium of an incomplete-markets economy agents’ marginal valuations for the tradable assets are equalized ex-ante. We characterize the finest partition of the state space conditional on which this ...
; RAHI, RohitDate:2013Citation:
Title:Risk-Sharing and Retrading in Incomplete Markets Author(s):GOTTARDI, Piero; RAHI, RohitDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/03Abstract:At a competitive equilibrium of an incomplete-markets economy agents’ marginal valuations for the tradable assets are equalized ex-ante. We characterize the finest partition of the state space conditional on which this ...
; RAHI, RohitDate:2012Type:Working PaperSeries/Number:EUI ECO; 2012/03Abstract:At a competitive equilibrium of an incomplete-markets economy agents’ marginal valuations for the tradable assets are equalized ex-ante. We characterize the finest partition of the state space conditional on which this ...