The identification of preferences from equilibrium prices under uncertainty

Chiappori, Pierre-André;Ekeland, Ivar;Kubler, Felix;Polemarchakis, Heracles M.
(2000)

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Authors
  • Chiappori, Pierre-André
    Author
  • Ekeland, Ivar
    Author
  • Kubler, Felix
    Author
  • Polemarchakis, Heracles M.
    Author
Abstract
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.
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Citations

Chiappori, P.-A., Ekeland, I., Kubler, F., & Polemarchakis, H. M. (2000). The identification of preferences from equilibrium prices under uncertainty (CORE Discussion Papers 2000/25). https://hdl.handle.net/2078.5/128209