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A note on the effciency of rational expectations

Economic Theory Bulletin,2:213-218.

我院刘知微老师在微观经济学期刊 Economic Theory Bulletin 上发表论文(Economic Theory Bulletin,2:213-218)。下面是论文的摘要。

We provide a counterexample to the ex-ante efficiency of the maximin rational expectations equilibrium. In particular, we show that a maximin rational expectations/equilibrium allocation may not be ex-ante maximin efficient, and therefore it may not be in the maximin core.

(日期:2015-09-12 作者:Liu, Zhiwei 来源:)