Regular economies with ambiguity aversion

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 59
Issue: C
Pages: 24-36

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We consider a family of exchange economies with complete markets where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium prices, local constancy of this number, local differentiable selections of the equilibrium prices.

Technical Details

RePEc Handle
repec:eee:mateco:v:59:y:2015:i:c:p:24-36
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24