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Agreeing to disagree in a countable space of equiprobable states of nature

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Abstract

An example is given in which agents agree to disagree in a countable space of equiprobable states of nature. Even in this unorthodox setting, if the sets of the information partitions are intervals, an agreement theorem holds. A result that describes the margin for disagreement is also obtained.

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Correspondence to João Correia-da-Silva.

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I am grateful to Carlos Hervés Beloso, Ali Khan, David Levine, Juan Pablo Torres-Martínez, Nicholas Yannelis (Editor) and an anonymous referee for helpful suggestions and encouragement, and thank participants in the Conference in Honor of Prof. Wayne Shafer, held at the University of Illinois at Urbana-Champaign, and in the XVII European GE Workshop in Paestum. Financial support from CEMPRE and research grant PTDC/ECO/66186/2006 from Fundação para a Ciência e Tecnologia and FEDER is acknowledged.

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Correia-da-Silva, J. Agreeing to disagree in a countable space of equiprobable states of nature. Econ Theory 45, 291–302 (2010). https://doi.org/10.1007/s00199-009-0439-z

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  • DOI: https://doi.org/10.1007/s00199-009-0439-z

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