Subjective expectations equilibrium in economies with uncertain delivey
- Hervés Beloso, Carlos
- Silva, João Correia da
Revue:
Working paper series ( RGEA )
Année de publication: 2005
Número: 12
Type: Working Paper
Résumé
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.