On constrained optimal allocations with incomplete markets

DOI10.1007/BF01211535zbMath0807.90026MaRDI QIDQ1338107

Jan Werner

Publication date: 27 November 1994

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

zbMATH Keywords

incomplete asset marketsconstrained optimal allocation

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (5)

A second welfare theorem for constrained efficient allocations in incomplete markets ⋮ Nonexistence of constrained efficient production plans ⋮ A re-examination of constrained Pareto inefficiency in economies with incomplete markets ⋮ Constrained inefficiency in GEI: A geometric argument ⋮ Inefficiency of equilibria with incomplete markets

Cites Work

• An introduction to general equilibrium with incomplete asset markets
• On the optimality of equilibrium when the market structure is incomplete
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets

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