Heterogeneity and learning with complete markets

DOI10.1007/S00199-016-0980-5MaRDI QIDQ2363429zbMATH OpenOpenAlexFDO

Authors Sergio Santoro

Publication date 19 July 2017

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-016-0980-5

zbMATH Keywords

Arrow securitiesborrowing limitsheterogeneous beliefslearning

Mathematics Subject Classification ID

General equilibrium theory (91B50) Heterogeneous agent models (91B69)

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Cites work

• A Welfare Criterion For Models With Distorted Beliefs*
• Business cycle amplification with heterogeneous expectations
• Diverse beliefs and time variability of risk premia
• EDGEWORTH EXPANSIONS FOR SPECTRAL DENSITY ESTIMATES AND STUDENTIZED SAMPLE MEAN
• Expectations and the Stability Problem for Optimal Monetary Policies
• Heterogeneity and misspecifications in learning
• Internal rationality, imperfect market knowledge and asset prices
• Learning in a credit economy
• Measuring Expectations
• Monetary policy and heterogeneous expectations
• Monetary policy, indeterminacy and learning
• More hedging instruments may destabilize markets
• On the Convergence to Homogeneous Expectations when Markets are Complete
• Optimal fiscal policy under learning
• Stable sunspot solutions in models with predetermined variables
• Sticky information and model uncertainty in survey data on inflation expectations

Cited in

(8)

• Adaptive learning and distributional dynamics in an incomplete markets model
• Home biased expectations and macroeconomic imbalances in a monetary union
• The long-run behavior of consumption and wealth dynamics in complete financial market with heterogeneous investors
• Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
• Transfer Pricing—Heterogeneous Agents and Learning Effects
• scientific article; zbMATH DE number 1396445 (Why is no real title available?)
• Learning and market clearing: theory and experiments
• Market efficiency and learning in an endogenously unstable environment

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