American Economic Review Vol. 102 No. 3 2012

International Robust Disagreement

Riccardo Colacito; Mariano Massimiliano Croce

Kenan-Flagler Business School, University of North Carolina at Chapel Hill, Campus Box 3490, McColl Building, Chapel Hill, NC 27599-3490.

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.

DOI

10.1257/aer.102.3.152

Volume

102

Issue

3

Pages

152-155

Language

en

Sources

bibtex:phds-export.bib crossref openalex

Cite

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