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http://hdl.handle.net/10419/62727
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| Title: | | Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist  |
| Authors: | | Riedel, Frank |
| Issue Date: | | 2001 |
| Series/Report no.: | | Discussion Papers, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes 2001,28 |
| Abstract: | | 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. |
| Subjects: | | Heterogeneous expectations Arrow-Debreu equilibrium |
| JEL: | | D51 D84 |
| Persistent Identifier of the first edition: | | urn:nbn:de:kobv:11-10049568 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Discussion Papers, SFB 373, HU Berlin
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