Bhowmik, Anuj; Cao, Jiling - Volkswirtschaftliche Fakultät, … - 2015
In this paper, we continue to explore the equilibrium theory under ambiguity. For a model of a pure exchange and … space, we establish a representation theorem for a Bayesian or maximin rational expectations equilibrium allocation in terms … of a state-wise Walrasian equilibrium allocation. This result also strengthens the theorems on the existence and …