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The structure of incomplete preferences
(Springer New York LLC, 2017)
I study incomplete preferences as a means to represent indecisiveness. A decomposition into maximal domains of comparability is characterized and used to link optimization of incomplete preferences with maximization of ...
On the Existence of Equilibrium with Incomplete Markets and Non-Monotonic PreferencesOn the Existence of Equilibrium with Incomplete Markets and Non-Monotonic Preferences
(Sociedade Brasileira de Econometria, 2008)
A strict expected multi-utility theorem
(Elsevier B.V., 2017)
This paper integrates two key approaches to the representation of incomplete preferences over lotteries. The main result strengthens the conclusion of the expected multi-utility theorem in Dubra, Maccheroni, and Ok (2004) ...
Endogenous differential information
(Springer, 2017)
We include endogenous differential information in a model with sequential trade and incomplete financial participation. Agents update information through market signals given by commodity prices and asset deliveries. ...
Communication policy with public uncertainty
(2016)
This paper analyses how to design a communication policy in a setting with both incomplete information and uncertainty about the future. In the model developed, both agents and the information authority have only noisy ...
On the Invariance of the Set of Core Matchings with Respect to Preference Profiles
(Elsevier, 2012-12)
We consider the general many-to-one matching model with ordinal preferences and give a procedure to partition the set of preference profiles into subsets with the property that all preference profiles in the same subset ...
Insider trading, investment, and liquidity: a welfare analysis
(Escola de Pós-Graduação em Economia da FGV, 1999-08-17)
We compare competitive equilibrium outcomes with and without trading by a privately infonned 'monopolistic' insider, in a model with real investment portfolio choices ex ante, and noise trading generated by aggregate ...
Preferential trade agreements and global sourcing
(2019-07-01)
We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies ...
The efficiency of risk sharing between UK and US: Robust estimation and calibration under market incompleteness
(Sociedade Brasileira de Econometria, 2020)
Liquidity shrinkages and incomplete financial participatión in dynamic economies with assest-backed securities
(2015)
We address an infinite horizon economy with collateralized debt and asset-backedsecurities, allowing for general prepayment specifications, liquidity contractions, and incomplete financial participation. We guarantee ...