Supplement to "Belief heterogeneity in the Arrow-Borch-Raviv insurance model"

Mario Ghossoub

MPRA Paper from University Library of Munich, Germany

Abstract: This paper is a supplement to Ghossoub [11]. In this supplement, some of the results of Ghossoub [11], as well as the techniques used to obtain these result are extended to a more general problem of demand for contingent claims with belief heterogeneity. Moreover, a general problem of monotone comparative statics under heterogeneous uncertainty is examined, and I show how the idea of vigilance can be used to obtain a monotone comparative statics result in this case.

Keywords: Subjective Probability; Heterogeneous Beliefs; Vigilance; Contingent Claims; Monotone Likelihood Ratio; Monotone Comparative Statics (search for similar items in EconPapers)
JEL-codes: C02 C65 D86 G11 (search for similar items in EconPapers)
Date: 2010-06-10, Revised 2012-03-22
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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