Subjective expectations equilibrium in economies with uncertain delivery

被引：11
|
作者：
Correia-da-Silva, Joao [1 ]
Herves-Beloso, Carlos [2 ]
机构：
[1] Univ Porto, Fac Econ, Oporto, Portugal
[2] Univ Vigo, Fac Econ, RGEA, Vigo, Spain
来源：
JOURNAL OF MATHEMATICAL ECONOMICS | 2008年 / 44卷 / 7-8期
关键词：
general equilibrium; private information; incomplete information; uncertain delivery; lists of bundles;
D O I：
10.1016/j.jmateco.2007.02.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We develop a model of general equilibrium with trade ex ante in a context of private and incomplete state verification. Instead of choosing bundles, agents choose lists of bundles out of which the market then selects one bundle for delivery. With agents having subjective expectations about the bundle that will be delivered, we study existence of a subjective expectations equilibrium. (C) 2007 Elsevier B.V. All rights reserved.
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页码：641 / 650
页数：10
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