Supplement to "Belief heterogeneity in the Arrow-Borch-Raviv insurance model"
This paper is a supplement to Ghossoub . In this supplement, some of the results of Ghossoub , as well as the techniques used to obtain these result are extended to a more general problem of demand for contingent claims with belief heterogeneity. Moreover, a general problem of monotone comparative statics under heterogeneous uncertainty is examined, and I show how the idea of vigilance can be used to obtain a monotone comparative statics result in this case.
|Date of creation:||10 Jun 2010|
|Date of revision:||22 Mar 2012|
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