Are incomplete markets able to achieve minimal efficiency?
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Publication:1780156
DOI10.1007/S00199-003-0406-ZzbMath1126.91391OpenAlexW2740489643MaRDI QIDQ1780156
Birgit Grodal, Egbert Dierker, Hildegard Dierker
Publication date: 7 June 2005
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00199-003-0406-z
Special types of economic equilibria (91B52) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)
Related Items (5)
Constrained efficiency versus unanimity in incomplete markets ⋮ Investment and financing in incomplete markets ⋮ Welfare and efficiency in incomplete market economies with a single firm ⋮ A general equilibrium analysis of corporate control and the stock market ⋮ Nonexistence of constrained efficient production plans
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