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Pré-Publication, Document De Travail Année : 2022

Efficient Allocations under Ambiguous Model Uncertainty

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
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Dates et versions

halshs-03828305 , version 1 (25-10-2022)

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  • HAL Id : halshs-03828305 , version 1

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Chiaki Hara, Sujoy Mukerji, Frank Riedel, Jean-Marc Tallon. Efficient Allocations under Ambiguous Model Uncertainty. 2022. ⟨halshs-03828305⟩
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