Journal Article

Rationalizable Trade

Games and Economic Behavior
Author(s)

Stephen Morris

Constantinos Skiadas

We formulate necessary and sufficient conditions for the impossibility of interim rationalizable trade between two agents, without assuming common priors or common ex-post values. Since equilibrium trade is always interim rationalizable, the conditions are also sufficient for no equilibrium trade.
Date Published: 2000
Citations: Morris, Stephen, Constantinos Skiadas. 2000. Rationalizable Trade. Games and Economic Behavior. (2)311-323.
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