Efficient Allocations under Ambiguous Model Uncertainty
Jean-Marc Tallon
- Fonction : Auteur
- PersonId : 740561
- IdHAL : jean-marc-tallon
- ORCID : 0000-0003-1762-9633
- IdRef : 035261307
Résumé
We investigate consequences of ambiguity on efficient allocations in an exchange economy. Ambiguity is embodied in the model uncertainty perceived by the consumers: they are unsure what would be the appropriate probability measure to apply to evaluate consumption and keep in consideration a set P of alternative probabilistic laws. Consumers are heterogeneously ambiguity averse with smooth
Domaines
Economies et financesFormat du dépôt | Fichier |
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Type de dépôt | Pré-publication, Document de travail |
Titre |
en
Efficient Allocations under Ambiguous Model Uncertainty
|
Résumé |
en
We investigate consequences of ambiguity on efficient allocations in an exchange economy. Ambiguity is embodied in the model uncertainty perceived by the consumers: they are unsure what would be the appropriate probability measure to apply to evaluate consumption and keep in consideration a set P of alternative probabilistic laws. Consumers are heterogeneously ambiguity averse with smooth
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Auteur(s) |
Chiaki Hara
1
, Sujoy Mukerji
2
, Frank Riedel
3
, Jean-Marc Tallon
4, 5
1
Kyoto University
( 237161 )
- Yoshidahonmachi, Sakyo Ward, Kyoto, Kyoto Prefecture 606-8501
- Japon
2
QMUL -
Queen Mary University of London
( 303063 )
- Mile End Road, London E1 4NS
- Royaume-Uni
3
University of Bielefeld
( 1143907 )
- Allemagne
4
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
5
PJSE -
Paris Jourdan Sciences Economiques
( 578027 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Public visé |
Scientifique
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Page/Identifiant |
67 p.
|
Langue du document |
Anglais
|
Date de production/écriture |
2022-10
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Projet(s) ANR |
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Domaine(s) |
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Référence interne |
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Origine :
Fichiers produits par l'(les) auteur(s)
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