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Excerpt from Information Structure and Equilibrium Asset Prices All the results in this paper are valid if agents are endowed with different probability measures on provided each agent's endowed probability measure is equivalent to P. Two probability measures on the measurable space are said to be equivalent if they have the same null sets. For expository purpose, however, we shall assume that agents are endowed with a common probability measure P. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.