The Identification of Preferences from Equilibrium Prices under Uncertainty

Felix Kübler (1) , Pierre-Andre Chiappori (2) , Ivar Ekeland (3, 4) , Heracles M. Polemarchakis (5, 6)

1 Department of Economics [Stanford]
2 Department of Economics
3 CEREMADE - CEntre de REcherches en MAthématiques de la DEcision
4 Institut of Finance
5 CORE - Center of Operation Research and Econometrics [Louvain]
6 Department of Economics

The competitive equilibrium correspondence, which associates equilibrium prices of commodities and assets with allocations of endowments, identifies the preferences and beliefs of individuals under uncertainty; this is the case even if the asset market is incomplete.

Mots clés: equilibrium; uncertainty; identification.; identification

Domaines: Economie et sciences de la décision

Felix Kübler, Pierre-Andre Chiappori, Ivar Ekeland, Heracles M. Polemarchakis. The Identification of Preferences from Equilibrium Prices under Uncertainty. 2000. ⟨hal-00598231⟩