Subjective expectations equilibrium in economies with uncertain delivey

  1. Hervés Beloso, Carlos
  2. Silva, João Correia da
Working paper series ( RGEA )

Ano de publicación: 2005

Número: 12

Tipo: Documento de traballo


In economies with uncertain delivery, agents trade their endowments for lists instead of bundles. A list specifies a set of bundles such that the agent has the right to receive one of them. In this paper, with continuity conditions on private beliefs about the bundle that will be delivered, we establish existence of a subjective expectations equilibrium.