On the Convergence to Homogeneous Expectations when Markets are Complete

DOI10.1111/1468-0262.00042MaRDI QIDQ4799845zbMATH OpenOpenAlexFDO

Authors Aloisio Abaujo, Alvaro Sandroni

Publication date 1999

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1111/1468-0262.00042

zbMATH Keywords

equilibriumBankruptcyagents' posterior beliefs

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

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Cited in

(10)

• Complete markets with bankruptcy risk and pecuniary default punishments
• Ambiguity aversion in the long run: ``to disagree, we must also agree
• Market crashes, speculation and learning in financial markets
• Survival in speculative markets
• Endogenous debt constraints in collateralized economies with default penalties
• Belief heterogeneity and survival in incomplete markets
• An Example of Convergence to Rational Expectations with Heterogeneous Beliefs
• Heterogeneity and learning with complete markets
• Robust control and model misspecification
• Convergence in incomplete market models

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