Search Results - subject:"Finite Invariance"

Al-Najjar, Nabil I.; Anderlini, Luca; Felli, Leonardo - 2003

We develop a model of undescribable events. Examples of events that are well understood by economic agents but are prohibitively difficult to describe in advance abound in real-life. This notion has also pervaded a substantial amount of economic literature. We put forth a model of such events...

Persistent link: https://www.econbiz.de/10010315940

Undescribable Events

Al-Najjar, Nabil I.; Anderlini, Luca; Felli, Leonardo - CESifo - 2003

Persistent link: https://www.econbiz.de/10005405819

Transaction Costs and the Robustness of the Coase Theorem

Felli, Leonardo; Al-Najjar, Nabil; Anderlini, Luca - Georgetown University, Department of Economics - 2003

Persistent link: https://www.econbiz.de/10005622964

Undescribable events

Najjar, Nabil I. al-; Anderlini, Luca; Felli, Leonardo - 2003

Persistent link: https://www.econbiz.de/10011404477

Unforeseen contingencies

Al-Najjar, Nabil; Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 2002

We develop a model of unforeseen contingencies. These are contingencies that are understood by economic agents – their consequences and probabilities are known – but are such that every description of such events necessarily leaves out relevant features that have a non-negligible impact on...

Persistent link: https://www.econbiz.de/10010745974

Unforeseen Contingencies

Al-Najjar, Nabil J; Anderlini, Luca; Felli, Leonardo - Suntory and Toyota International Centres for Economics … - 2002

We develop a model of unforeseen contingencies. These are contingencies that are understood by economic agents - their consequences and probabilities are known - but are such that every description of such events necessarily leaves out relevant features that have a non-negligible impact on the...

Persistent link: https://www.econbiz.de/10005670711

Unforeseen Contingencies

Al-Najjar, Nabil I.; Anderlini, Luca; Felli, Leonardo - C.E.P.R. Discussion Papers - 2002

We develop a model of unforeseen contingencies. These are contingencies that are understood by economic agents — their consequences and probabilities are known — but are such that every description of such events necessarily leaves out relevant features that have a non-negligible impact on...

Persistent link: https://www.econbiz.de/10005792069