; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "General Competitive Analysis in an Economy with Private Information"; ; "batchuser@example.com"; "Townsend, Robert M., 1948-", "Prescott, Edward C."; "Federal Reserve Bank of Minneapolis"; "Pure exchange", "Lotteries", "Competitive equilibria"; "D82 - Asymmetric and Private Information; Mechanism Design", "D51 - Exchange and Production Economies"; "General competitive analysis is extended to cover a dynamic, pure-exchange economy with privately observed shocks to preferences. In the linear, infinite-dimensional space containing lotteries we establish the existence of optima, the existence of competitive equilibria, and that every competitive equilibrium is an optimum. An example illustrates that rationing and securities with contrived risk have an equilibrium interpretation."^^; "On competitive theory with private information / Edward C. Prescott, Robert M. Townsend."; "1983-03"; "2018-03-13T20:10:55.829171762+00:00"^^; ; "19840200ier2501"; "https://creativecommons.org/licenses/by-nc/4.0/"; "2019-07-11T18:11:31.428867664+00:00"^^; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "792", "628"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "203"; "Pure exchange", "Lotteries", "Competitive equilibria"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in _International Economic Review_ (Vol. 25, No. 1, February 1984, pp. 1-20), https://doi.org/10.2307/2648863."^^; ; "Publication" . ; .