Partial information revelation in prices arises naturally from non-exponential utility preferences without any noise, resolving the Grossman-Stiglitz paradox via a Jensen gap in signal aggregation.
Walker, and Charles H
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
citation-role summary
background 1
citation-polarity summary
fields
econ.TH 1years
2026 1verdicts
UNVERDICTED 1roles
background 1polarities
background 1representative citing papers
citing papers explorer
-
On the Possibility of Informationally Inefficient Markets Without Noise
Partial information revelation in prices arises naturally from non-exponential utility preferences without any noise, resolving the Grossman-Stiglitz paradox via a Jensen gap in signal aggregation.