Incomplete markets, allocative efficiency, and the information revealed by prices
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Publication:1977400
DOI10.1006/JETH.1999.2609zbMath0997.91042OpenAlexW2472728487MaRDI QIDQ1977400
Alessandro Citanna, Antonio Villanacci
Publication date: 14 November 2002
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1006/jeth.1999.2609
Special types of economic equilibria (91B52) Economics of information (91B44) Special types of economic markets (including Cournot, Bertrand) (91B54)
Related Items (5)
Implications of more precise information for technological development and economic welfare ⋮ Partially revealing rational expectations equilibrium with real assets and binding constraints ⋮ A new approach to the rational expectations equilibrium: existence, optimality and incentive compatibility ⋮ Optimal disclosure policy and undue diligence ⋮ VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS
Cites Work
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- Pareto improving financial innovation in incomplete markets
- Constrained suboptimality in incomplete markets: A general approach and two applications
- A role for monetary policy when prices reveal information: An example
- Rational Expectations Equilibrium: Generic Existence and the Information Revealed by Prices
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