Incomplete markets and the suboptimality of rational expectations

DOI10.1016/0165-1765(91)90195-QzbMath0825.90122OpenAlexW2036885358MaRDI QIDQ1186862

Jean-Pascal Bénassy

Publication date: 28 June 1992

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(91)90195-q

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites Work

• The Pareto domination of irrational expectations over rational expectations
• On the optimality of equilibrium when the market structure is incomplete
• Unnamed Item

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