Introduction to incompleteness and uncertainty in economics

DOI10.1016/j.jet.2011.05.001zbMath1246.91005OpenAlexW2005469719MaRDI QIDQ548229

Dean Corbae, Ramon Marimon

Publication date: 28 June 2011

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2011.05.001

zbMATH Keywords

uncertaintydecision theorylearninggeneral equilibriumincomplete marketsambiguityincentive constraints

Mathematics Subject Classification ID

Decision theory (91B06) Proceedings, conferences, collections, etc. pertaining to game theory, economics, and finance (91-06) General equilibrium theory (91B50)

Cites Work

• Unnamed Item
• General equilibrium, wariness and efficient bubbles
• Asset prices in a Huggett economy
• Self-insurance vs. self-financing: a welfare analysis of the persistence of shocks
• Financial integration, entrepreneurial risk and global dynamics
• Human capital values and returns: bounds implied by earnings and asset returns data
• Public versus private risk sharing
• Crowding out and crowding in: when does redistribution improve risk-sharing in limited commitment economies?
• Competition, human capital and income inequality with limited commitment
• Power fluctuations and political economy
• Information-constrained optima with retrading: an externality and its market-based solution
• Social security and risk sharing
• A three state model of worker flows in general equilibrium
• Knightian decision theory and econometric inferences
• Knightian uncertainty and moral hazard
• Efficient allocations under ambiguity
• Robustness and ambiguity in continuous time
• Internal rationality, imperfect market knowledge and asset prices
• Rationalizable implementation
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• Recursive smooth ambiguity preferences
• The permanent income hypothesis: A theoretical formulation
• Knightian decision theory. I.
• Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
• Does Income Inequality Lead to Consumption Inequality? Evidence and Theory1
• Asset Prices in an Exchange Economy
• Self-Confirming Equilibrium
• A Smooth Model of Decision Making under Ambiguity
• Robustness
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default

This page was built for publication: Introduction to incompleteness and uncertainty in economics