Consider a two-period economy with three times, 0,1, and 2, ? = {?1, ?2, ?3, ?4 ?5}, and N = 4 securities. The information structure is F0 = {{?}} F1 = {{?1, ?2}, {?3, ?4}, {?5}} = {f11, f12, f13} F2...


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May 24, 2022
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