International Robust Disagreement
- (pp. 152-55)
AbstractWe 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.
CitationColacito, Riccardo, and Mariano M. Croce. 2012. "International Robust Disagreement." American Economic Review, 102 (3): 152-55. DOI: 10.1257/aer.102.3.152
- D11 Consumer Economics: Theory
- D81 Criteria for Decision-Making under Risk and Uncertainty
- D83 Search; Learning; Information and Knowledge; Communication; Belief