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International Robust DisagreementRiccardo ColacitoUniversity of North Carolina, Chapel Hill - Kenan-Flagler Business School Mariano Massimiliano CroceUniversity of North Carolina Kenan-Flagler Business School January 13, 2012 American Economic Review, Vol. 102, No. 2, May 2012 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.
Number of Pages in PDF File: 5 Keywords: Robustness, Disagreement, International JEL Classification: F41 Accepted Paper SeriesDate posted: January 14, 2012Suggested CitationContact Information
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