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Subjective expectations equilibrium in economies with uncertain delivery

Title
Subjective expectations equilibrium in economies with uncertain delivery
Type
Article in International Scientific Journal
Year
2008
Authors
Carlos Hervés-Beloso
(Author)
Other
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Journal
Vol. 44 No. 7
Pages: 641-650
ISSN: 0304-4068
Publisher: Elsevier
Indexing
Scientific classification
CORDIS: Social sciences > Economics
Other information
Authenticus ID: P-003-Y6F
Abstract (EN): We develop a model of general equilibrium with trade ex ante in a context of private and incomplete state verification. Instead of choosing bundles, agents choose lists of bundles out of which the market then selects one bundle for delivery. With agents having subjective expectations about the bundle that will be delivered, we study existence of a subjective expectations equilibrium.
Language: English
Type (Professor's evaluation): Scientific
Contact: joao@fep.up.pt
No. of pages: 10
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