Villa, Pierre (contributor) - 2004 - [Elektronische Ressource]
, Document de travail n° 2004-06
4
ABSOLUTE UNCERTAINTY AND THE CHOICE OF THE MODEL
SUMMARY
Information is screened. Individuals …
information and are satisfied with macroeconomic knowledge, as a summary of distant
variables. Thus markets are incomplete. Using ….
Keywords : Keynes’ absolute uncertainty, sunspots equilibrium, incomplete markets,
asymetric information, consistent …