Aggregation under homogeneous ambiguity: a two-fund separation result

DOI10.1007/S00199-005-0051-9zbMATH Open1124.91048OpenAlexW2155461540MaRDI QIDQ868600FDOQ868600

Authors: Katsutoshi Wakai 

Publication date: 6 March 2007

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-005-0051-9

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zbMATH Keywords

multiple priorsrepresentative agent

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54)

Cites Work

• Maxmin expected utility with non-unique prior
• Subjective Probability and Expected Utility without Additivity
• Microeconomic theory
• Recursive multiple-priors.
• Intertemporal Asset Pricing under Knightian Uncertainty
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Optimal risk-sharing rules and equilibria with Choquet-expected-utility.
• Additivity with multiple priors

Cited In (7)

• On aggregation and representative agent equilibria
• Behavioral biases and the representative agent
• On equilibria when agents have multiple priors
• Belief aggregation for representative agent models
• New challenges in the interplay between finance and insurance. Abstracts from the workshop held October 1--6, 2023
• Nash competitive equilibria and two-period fund separation
• Approximation aggregation under uncertainty

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