Efficiency and Welfare with Complementarities and Asymmetric Information
收藏NBER2005-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11826
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资源简介：
This paper examines equilibrium and welfare in a tractable class of economies with externalities, strategic complementarity or substitutability, and incomplete information. In equilibrium, complementarity amplifies aggregate volatility by increasing the sensitivity of actions to public information;
提供机构：
美国国家经济研究局
创建时间：
2005-12-01
