Optimal sharing with an infinite number of commodities in the presence of optimistic and pessimistic agents
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DOI: 10.1007/s00199-016-0985-0
Abstract: We prove that under mild conditions individually rational Pareto optima will exist even in the presence of non-convex preferences. We consider decision-makers (DMs) dealing with a countable flow of pay-offs or choosing among financial assets… read more here.
Keywords: risk; sharing infinite; presence; number commodities ... See more keywords