Huy, Thai Ha; Van, Cuong Le; Nguyen, Manh Hung - Development and Policies Research Center (Depocen) - 2008
We consider a general equilibrium model in asset markets with a countable set of states and expected risk averse utilities. The agents do not have the same beliefs. We use the methods in Le Van - Truong Xuan (JME, 2001) but one of their assumption which is crucial for obtaining their result...