Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072216 | Games and Economic Behavior | 2012 | 6 Pages |
Abstract
⺠This paper aims at providing a counterexample to Páscoa and Seghir (2009). ⺠We show that a competitive equilibrium with no trade can be supported. ⺠This is due to unduly pessimistic expectations on asset deliveries.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
V. Filipe Martins-da-Rocha, Yiannis Vailakis,