On the robustness of Laissez-Faire

DOI10.1016/j.jet.2008.09.004zbMath1195.91038OpenAlexW2097111326MaRDI QIDQ2653922

Narayana R. Kocherlakota, Christopher Phelan

Publication date: 15 January 2010

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

Full work available at URL: https://doi.org/10.1016/j.jet.2008.09.004

zbMATH Keywords

robustnessmechanism design

Mathematics Subject Classification ID

Economics of information (91B44) Welfare economics (91B15)

Related Items (4)

Optimal fiscal policy with robust control ⋮ On the optimality of optimal income taxation ⋮ Robustness of simple menus of contracts in cost-based procurement ⋮ Implications of uncertainty for optimal policies

Cites Work

• Unnamed Item
• Repeated principal-agent relationships with lending and borrowing
• Efficient Allocations with Hidden Income and Hidden Storage
• Tax Riots
• Bayesian Implementation
• On Efficient Distribution with Private Information
• Foundations of Dominant-Strategy Mechanisms

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