This paper uses the dynamic general equilibrium model developed by Mailath and Sandroni (2003) but allows information revelation to be determined endogenously. The paper establishes sufficient conditions on the exogenous information arrival process that ensure that an investor who receives unique information infinitely often drives out an investor who receives unique information only finitely often.
|Number of pages||15|
|Journal||International Journal of Economic Theory|
|Publication status||Published - 2011 Jun|
- Market selection
- Rational expectations
ASJC Scopus subject areas
- Economics and Econometrics