Subjective expectations equilibrium in economies with uncertain delivey

Autores: Carlos Hervés Beloso , João Correia da Silva
Localización: Working paper series ( RGEA ), Nº. 12, 2005
Idioma: español
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Resumen
- In economies with uncertain delivery, agents trade their endowments for lists instead of bundles. A list specifies a set of bundles such that the agent has the right to receive one of them. In this paper, with continuity conditions on private beliefs about the bundle that will be delivered, we establish existence of a subjective expectations equilibrium.