Arbeitspapier

Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist

In infinite horizon economies only local equivalence of beliefs is needed to ensure the existence of an Arrow-Debreu equilibrium. In fact, agents can even disagree completely in the long run in the sense that asymptotically, their beliefs are singular.

Language
Englisch

Bibliographic citation
Series: SFB 373 Discussion Paper ; No. 2001,28

Classification
Wirtschaft
Exchange and Production Economies
Expectations; Speculations
Subject
Heterogeneous expectations
Arrow-Debreu equilibrium

Event
Geistige Schöpfung
(who)
Riedel, Frank
Event
Veröffentlichung
(who)
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes
(where)
Berlin
(when)
2001

Handle
URN
urn:nbn:de:kobv:11-10049568
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Riedel, Frank
  • Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes

Time of origin

  • 2001

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