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Anonymity and optimality of competitive equilibria when markets are incomplete

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Publication:1339742
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DOI10.1006/jeth.1994.1057zbMath0819.90016OpenAlexW2003605057MaRDI QIDQ1339742

Atsushi Kajii

Publication date: 8 December 1994

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

Full work available at URL: https://doi.org/10.1006/jeth.1994.1057

zbMATH Keywords

efficiencyoptimalitycompetitive equilibriaanonymous constrained optimalmarkets are incompletetwo period economy


Mathematics Subject Classification ID

General equilibrium theory (91B50) Social choice (91B14)


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Endowment redistribution and Pareto improvements in GEI economies, Optimal futures innovation in a dynamic economy: The discrete-time case, Core concepts for incomplete market economies, Transaction costs and planner intervention, The taxation of trades in assets, Inefficiency of equilibria with incomplete markets



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