Colacito, R.; Croce, Mariano M.; Liu, Zhao - In: Quantitative Economics 10 (2019) 1, pp. 311-351
We characterize the equilibrium of a complete markets economy with multiple agents featuring a preference for the timing of the resolution of uncertainty. Utilities are defined over an aggregate of two goods. We provide conditions under which the solution of the planner's problem exists, and it...