TY - GEN A1 - Heinemann, Maik T1 - E-stability and stability of adaptive learning in models of asymetric information N2 - The paper demonstrates how the E–stability principle introduced by Evans and Honkapohja can be applied to models with heterogeneous and private information in order to assess the stability of rational expectations equilibria under learning. The paper extends already known stability results for the Grossman and Stiglitz model to a more general case with many differentially informed agents and to the case where information is endogenously acquired by optimizing agents. In both cases it turns out that the rational expectations equilibrium of the model is inherently E-stable and thus locally stable under recursive least squares learning. KW - Lernen KW - Erwartung KW - Stabilität KW - Learning KW - Eductive Stability KW - Rational Expectations Y1 - 2007 UR - http://pub-data.leuphana.de/frontdoor/index/index/docId/535 ER -