International Robust Disagreement
University of North Carolina, Chapel Hill - Kenan-Flagler Business School
Mariano Massimiliano Croce
University of North Carolina Kenan-Flagler Business School
January 13, 2012
American Economic Review, Vol. 102, No. 2, May 2012
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.
Number of Pages in PDF File: 5
Keywords: Robustness, Disagreement, International
JEL Classification: F41Accepted Paper Series
Date posted: January 14, 2012
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