Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57495
Authors: 
Hellwig, Martin
Year of Publication: 
2011
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 2011,8
Abstract: 
The paper provides a specification of belief systems for models of large economies with anonymity in which aggregate states depend only on cross-section distributions of types. For belief systems satisfying certain conditions of mutual absolute continuity, the paper gives a necessary and sufficient condition for the existence of a common prior. Under the given conditions, the common prior is unique.
Subjects: 
belief systems
consistency
common prior
large economy
JEL: 
C70
D82
D83
Document Type: 
Working Paper

Files in This Item:
File
Size
312.57 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.