Efficiency with Uncertain Supply

DOI10.2307/2296933zbMath0435.90025OpenAlexW2050382139MaRDI QIDQ3875657

Peter Diamond

Publication date: 1980

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2296933

zbMATH Keywords

efficiencyrational expectationsincomplete marketscompetitive equilibriumtwo states of natureuncertain supplypresence of uncertaintypublic policiescompetitive exchange economytwo goodstwo types of agents

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items (3)

Nonexistence of constrained efficient production plans ⋮ Generic inefficiency of stock market equilibrium when markets are incomplete ⋮ An introduction to general equilibrium with incomplete asset markets

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