Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62727
Authors: 
Riedel, Frank
Year of Publication: 
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: 
Document Type: 
Working Paper

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