Aufsatz(elektronisch)#11. Mai 2012
International Robust Disagreement
In: American economic review, Band 102, Heft 3, S. 152-155
ISSN: 1944-7981
We characterize the equilibrium of a two-country, two-good economy in which agents have opposite preference bias toward one of the two consumption goods and fear model misspecification. We document that disagreement about endowments' growth prospects is a persistent endogenous outcome of this class of economies.