Browsing FGV EPGE - Ensaios Econômicos by Author "Madrigal, Vicente"
Dow, James; Werlang, Sérgio Ribeiro da Costa; Madrigal, Vicente
1990-01We study the proposition that if it is common knowledge that en allocation of assets is ex-ante pareto efficient, there is no further trade generated by new information. The key to this result is that the information ...
Chin-Chiu Tan, Tommy; Madrigal, Vicente
1986Given a competitive signalling game, we study a transformed game which includes the natural enrichment of contractual opportunities in a market. We show that subgame perfect equilibrium outcomes in the new game which satisfy ...