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Research Details
Rationalizable Trade, Games and Economic Behavior
Abstract
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.
Type
Article
Author(s)
Stephen Morris, Constantinos Skiadas
Date Published
2000
Citations
Morris, Stephen, and Constantinos Skiadas. 2000. Rationalizable Trade. Games and Economic Behavior. 31(2): 311-323.
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