Reading the first Chapter of the Lectures on Microeconomics, I realized that one thing that is assumed in a Walrasian Equilibrium setup is that the agents of the economy are awared of the total endowment of each good. However, in real life this might not be the case (for example, I don´t know the total amount of Coke that is available in Mexico). How prices and therefore the utilities of the agents be affected if information asymmetries regarding the total endowments is introduced in the model? Is this even possible to introduce in a Walrasian Equilibrium Model, or would it be a completely new topic? I hope the question is of interest as well as relevant for discussion.
J. Pablo López