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On equilibrium existence with endogenous restricted financial participation [PDF]

open access: yes
Allowing for durable commodities, we prove equilibrium existence in an abstract incomplete market economy with endogenous restricted financial participation without requiring financial survival assumptions.
Abdelkrim Seghir   +1 more
core  

The Collective Wisdom of Beauty Contests [PDF]

open access: yes
This note uses techniques developed for aggregate games to characterize the set of equilib- ria for a beauty contest or prediction game in which the experts’ preferences are quadratic, but with an otherwise unrestricted information structure for private ...
Martimort, David, Stole, Lars
core   +1 more source

Status Quo Bias, Multiple Priors and Uncertainty Aversion [PDF]

open access: yes
Motivated by the extensive evidence about the relevance of status quo bias both in experiments and in real markets, we study this phenomenon from a decision-theoretic prospective, focusing on the case of preferences under uncertainty.
Ortoleva, Pietro
core   +1 more source

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