Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist

In infinite horizon economies only local equivalence of beliefs is needed to ensure the existence of an Arrow–Debreu equilibrium. In fact, agents can even disagree completely in the long run in the sense that asymptotically, their beliefs are singular. Copyright Springer-Verlag Berlin Heidelberg 2003

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Year of publication:	2003
Authors:	Riedel, Frank
Published in:	Economic Theory. - Springer. - Vol. 21.2003, 4, p. 929-934
Publisher:	Springer
Subject:	Heterogeneous expectations \| Arrow-Debreu equilibrium

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Extent:	text/html
Type of publication:	Article
Classification:	D51 - Exchange and Production Economies ; D84 - Expectations; Speculations
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005371109