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Title:Arrow-Debreu equilibria with asymptotically heterogeneous expectations exist PDF Logo
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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