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American Economic Review: Vol. 102 No. 3 (May 2012)
AER Volume. 102, Issue 3 | 
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International Robust Disagreement
Article Citation
Colacito, Riccardo, and
Mariano M. Croce. 2012. "International Robust Disagreement."
American Economic Review,
102(3): 152-55.
DOI: 10.1257/aer.102.3.152
DOI: 10.1257/aer.102.3.152
Abstract
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.
Article Full-Text Access
Full-text Article
Authors
Colacito, Riccardo (U NC)
Croce, Mariano M. (U NC)
Croce, Mariano M. (U NC)
JEL Classifications
D11: Consumer Economics: Theory
D81: Criteria for Decision-Making under Risk and Uncertainty
D83: Search; Learning; Information and Knowledge; Communication; Belief
D81: Criteria for Decision-Making under Risk and Uncertainty
D83: Search; Learning; Information and Knowledge; Communication; Belief
