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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 ...
