Sharing risk and ambiguity

We study the market implications of ambiguity in common models. We show that generic determinacy is a robust feature in general equilibrium models that allow a distinction between ambiguity and risk.

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Year of publication:	2012
Authors:	Rigotti, Luca ; Shannon, Chris
Published in:	Journal of Economic Theory. - Elsevier, ISSN 0022-0531. - Vol. 147.2012, 5, p. 2028-2039
Publisher:	Elsevier
Subject:	Ambiguity \| General equilibrium theory \| Financial markets \| Determinacy of equilibria \| Variational preferences \| Multiple priors

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Type of publication:	Article
Classification:	D0 - Microeconomics. General ; D5 - General Equilibrium and Disequilibrium ; D8 - Information and Uncertainty ; G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594326