Regular economies with ambiguity aversion

Noé Biheng and Jean-Marc Bonnisseau

Journal of Mathematical Economics, 2015, vol. 59, issue C, 24-36

Abstract: We consider a family of exchange economies with complete markets where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium prices, local constancy of this number, local differentiable selections of the equilibrium prices.

Keywords: Demand function; General equilibrium; Ambiguity aversion; Multiprior preferences; Regular economies; Lipschitz behavior (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Regular economies with ambiguity aversion (2015)
Working Paper: Regular economies with ambiguity aversion (2015)
Working Paper: Regular economies with ambiguity aversion (2015)
Working Paper: Regular economies with ambiguity aversion (2013)
Working Paper: Regular economies with ambiguity aversion (2013)
Working Paper: Regular economies with ambiguity aversion (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:59:y:2015:i:c:p:24-36

DOI: 10.1016/j.jmateco.2015.04.004

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