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Ambiguity aversion solves the conflict between efficiency and incentive compatibility

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  • Luciano De Castro
  • Nicholas C. Yannelis
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    File URL: http://www.socialsciences.manchester.ac.uk/medialibrary/economics/discussionpapers/EDP-1106.pdf
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    Paper provided by Economics, The University of Manchester in its series The School of Economics Discussion Paper Series with number 1106.

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    Date of creation: 2011
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    Handle: RePEc:man:sespap:1106

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    Postal: Manchester M13 9PL
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    Web page: http://www.socialsciences.manchester.ac.uk/subjects/economics/
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    1. Marialaura Pesce & Peter Cramton & Nicholas C. Yannelis, 2010. "A new perspective to rational expectations: maximin rational expectations equilibrium," Discussion Papers 1528, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    2. João Correia-da-Silva & Carlos Hervés-Beloso, 2009. "Prudent expectations equilibrium in economies with uncertain delivery," Economic Theory, Springer, vol. 39(1), pages 67-92, April.
    3. Martins-da-Rocha, Victor Filipe, 2009. "Interim efficiency with MEU-preferences," Economics Working Papers (Ensaios Economicos da EPGE) 696, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
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