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    • General equilibrium, wariness and efficient bubbles 

      Araújo, Aloísio Pessoa de; Novinski, Rodrigo; Pascoa, Mario Rui
      2011-05
      Wary consumers overlook gains but not losses in remote sets of dates or states. As preferences are upper but not lower Mackey semi-continuous, Bewley's (1972) [4] result on existence of equilibrium whose prices are not ...