کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957789 928573 2006 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Agreeable bets with multiple priors ⋆
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Agreeable bets with multiple priors ⋆
چکیده انگلیسی

This paper considers a two-agent model of trade with multiple priors. Firstly, we characterize the existence of an agreeable bet on some event in terms of the set of priors. It is then shown that the existence of an agreeable bet on some event is a strictly stronger condition than the existence of an agreeable trade, whereas the two conditions are equivalent in the standard Bayesian framework. Secondly, we show that the two conditions are equivalent when the set of priors is the core of a convex capacity. These results are also related to the no trade theorems under asymmetric information.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 128, Issue 1, May 2006, Pages 299–305
نویسندگان
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