Welfare-improving financial innovation with a single good

DOI10.1007/s001990050241zbMath0918.90020OpenAlexW2055893429MaRDI QIDQ1275879

Ronel Elul

Publication date: 4 August 1999

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s001990050241

zbMATH Keywords

financial innovationconstrained suboptimalsingle-good incomplete markets

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (7)

Financial innovation, precautionary saving and the risk-free rate ⋮ Pareto improvement and agenda control of sequential financial innovations ⋮ Welfare and excess volatility of exchange rates ⋮ Income taxation when markets are incomplete ⋮ VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS ⋮ The taxation of trades in assets ⋮ Incomplete markets and volatility

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