We introduce differential information in the asset market model studied by Cheng (1991), Dana and Le Van (1996) and Le Van and Truong Xuan (2001). An equilibrium existence result is proven assuming that the economy's information structure satisfies the conditional independency property.Asset market, differential information, competitive equilibrium

V. Filipe Martins-Da-Rocha

Wassim Daher

Yiannis Vailakis

English

Research Papers in Economics

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Asset market equilibrium with short-selling and differential information

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Asset market equilibrium with short-selling and differential information

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