On the Convergence to Homogeneous Expectations when Markets are Complete

DOI10.1111/1468-0262.00042zbMath1049.91505OpenAlexW2013476361MaRDI QIDQ4799845

Aloisio Abaujo, Alvaro Sandroni

Publication date: 1999

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/1468-0262.00042

zbMATH Keywords

equilibriumBankruptcyagents' posterior beliefs

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (8)

Heterogeneity and learning with complete markets ⋮ Ambiguity aversion in the long run: ``to disagree, we must also agree ⋮ Survival in speculative markets ⋮ Complete markets with bankruptcy risk and pecuniary default punishments ⋮ Endogenous debt constraints in collateralized economies with default penalties ⋮ Belief heterogeneity and survival in incomplete markets ⋮ Robust control and model misspecification ⋮ Market crashes, speculation and learning in financial markets

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