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Sharing risk and ambiguity

  • Rigotti, Luca
  • Shannon, Chris

We study the market implications of ambiguity in common models. We show that generic determinacy is a robust feature in general equilibrium models that allow a distinction between ambiguity and risk.

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File URL: http://www.sciencedirect.com/science/article/pii/S0022053112000634
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Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 147 (2012)
Issue (Month): 5 ()
Pages: 2028-2039

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Handle: RePEc:eee:jetheo:v:147:y:2012:i:5:p:2028-2039
DOI: 10.1016/j.jet.2012.05.009
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622869

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