Beliefs and Pareto Efficient Sets: A Remark

We show that, in a two-period economy with uncertainty in the second period, if an allocation is Pareto optimal for a given set of beliefs and remains optimal when these beliefs are changed, then the set of optimal allocations of the two economies must actually coincide. We identify equivalence classes of beliefs giving rise to the same set of Pareto optimal allocations.

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Year of publication:	2002
Authors:	Gajdos, Thibault ; Tallon, Jean-Marc
Institutions:	HAL
Subject:	Beliefs \| Pareto Optimality

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00085912 Published, Journal of Economic Theory, 2002, 106, 2, 467-471
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750634