Anmerkungen:
In: Journal of Economic Theory, Vol. 148, No. 5, 2013
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 10, 1012 erstellt
Beschreibung:
This note provides several generalizations of Mailath's (1987) result that in games of asymmetric information with a continuum of types incentive compatibility plus separation implies differentiability. The new results extend the theory to classic models in finance such as Leland and Pyle (1977), Glosten (1989), and De Marzo and Duffie (1999), that were not previously covered