Lotteries, sunspots, and incentive constraints
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Publication:1867541
DOI10.1006/jeth.2001.2792zbMath1027.91054OpenAlexW2170460124MaRDI QIDQ1867541
Edward C. Prescott, Timothy J. Kehoe, David K. Levine
Publication date: 2 April 2003
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/7a2cc683eafa968c0aa2c4e25540c1731cafaf2a
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Related Items (10)
Efficient sets are small ⋮ Feasible mechanisms in economies with type-dependent endowments ⋮ A dual characterization of incentive efficiency. ⋮ Markets and contracts ⋮ General equilibrium in economies with adverse selection ⋮ Aggregation in economies with search frictions ⋮ General equilibrium with nonconvexities and money ⋮ Competitive equilibria with asymmetric information ⋮ Introduction to sunspots and lotteries ⋮ Equilibrium prices when the sunspot variable is continuous.
Cites Work
- An introduction to general equilibrium with incomplete asset markets
- Laws of large numbers for dynamical systems with randomly matched individuals
- Indivisibilities, lotteries, and sunspot equilibria
- Valuation equilibrium with clubs
- Decentralizing lottery allocations in markets with indivisible commodities
- Equilibrium prices when the sunspot variable is continuous.
- A law of large numbers for large economies
- Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
- General Competitive Analysis in an Economy with Private Information
- Debt Constrained Asset Markets
- Liquidity Constrained Markets Versus Debt Constrained Markets
- Efficiency, Equilibrium, and Asset Pricing with Risk of Default
- Implications of Efficient Risk Sharing without Commitment
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