Browsing FGV EPGE - Ensaios Econômicos by Author "Madrigal, Vicente"

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    • Credit rationing and the permanent income hypothesis 

      Vicent, Daniel; Werlang, Sérgio Ribeiro da Costa; Tan, Tommy Chin-Chiu; Madrigal, Vicente
      1989

    • Preferences, common knowledge and speculative trade 

      Dow, James; Werlang, Sérgio Ribeiro da Costa; Madrigal, Vicente
      1990-01
      We 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 ...

    • Signalling and arbitrage 

      Chin-Chiu Tan, Tommy; Madrigal, Vicente
      1986
      Given 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 ...