The Identification of Preferences from Equilibrium Prices under Uncertainty

The Identification of Preferences from Equilibrium Prices under Uncertainty

The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the asset market is incomplete. Journal of Economic Literature C...

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Bibliographic Details
Published in:Journal of economic theory Vol. 102; no. 2; pp. 403 - 420
Main Authors: Kübler, F., Chiappori, P.-A., Ekeland, I., Polemarchakis, H.M.
Format: Journal Article
Language:English
Published: New York Elsevier Inc 01-02-2002
Elsevier
Elsevier Science Publishing Company, Inc
Series:Journal of Economic Theory
Subjects:
Allocations
Econometrics
Economic theory
Endowment
Equilibrium
Identification
Studies
Uncertainty
uncertainty
identification
equilibrium
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Summary:The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the asset market is incomplete. Journal of Economic Literature Classification Numbers: D52, D80.
ISSN:0022-0531
1095-7235
DOI:10.1006/jeth.2000.2773