IDEAS home Printed from https://ideas.repec.org/p/cor/louvco/1993054.html
   My bibliography  Save this paper

Knowledge at Equilibrium

Author

Listed:
  • MINELLI, Enrico
  • POLEMARCHAKIS, Heracles

Abstract

In a game with rational expectations individuals refine their information with the information revealed by the elementary acts of other individuals at each state of the world. At a Nash equilibrium profile of strategies information is essentially symemetric when the same profile is also an equilibrium of a game with symmetric information. We show that, at a Nash equilibrium of a game with rational expectations, the information of individuals is essentially symmetric, and their strategies are common knowledge.

Suggested Citation

  • MINELLI, Enrico & POLEMARCHAKIS, Heracles, 1993. "Knowledge at Equilibrium," LIDAM Discussion Papers CORE 1993054, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  • Handle: RePEc:cor:louvco:1993054
    as

    Download full text from publisher

    File URL: https://sites.uclouvain.be/core/publications/coredp/coredp1993.html
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. E. Minelli & H. Polemarchakis, 2003. "Information at equilibrium," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(2), pages 573-584, March.
    2. Forges, Francoise & Minelli, Enrico, 1997. "Self-Fulfilling Mechanisms and Rational Expectations," Journal of Economic Theory, Elsevier, vol. 75(2), pages 388-406, August.
    3. Forges, Francoise & Minelli, Enrico, 1998. "Self-Fulfilling Mechanisms in Bayesian Games," Games and Economic Behavior, Elsevier, vol. 25(2), pages 292-310, November.
    4. Stephen Morris, "undated". ""Justifying Rational Expectations''," CARESS Working Papres 95-04, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.

    More about this item

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cor:louvco:1993054. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alain GILLIS (email available below). General contact details of provider: https://edirc.repec.org/data/coreebe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.