Welfare and efficiency in incomplete market economies with a single firm

DOI10.1016/J.JMATECO.2010.08.013zbMath1232.91242OpenAlexW2049754804MaRDI QIDQ617573

Egbert Dierker, Hildegard Dierker

Publication date: 21 January 2011

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2010.08.013

zbMATH Keywords

constrained efficiencyDrèze equilibriaincomplete markets with productionsocial welfarecompensating surplusequivalent surplusminimal efficiency

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54) Welfare economics (91B15)

Related Items (3)

Nonexistence of constrained efficient production plans ⋮ Ownership structure and control in incomplete market economies with transferable utility ⋮ Indeterminacy of Cournot-Walras equilibrium with incomplete markets

Cites Work

• Real effects of money in general equilibrium
• Leximin and utilitarian rules: A joint characterization
• Are incomplete markets able to achieve minimal efficiency?
• A Theorem on Utilitarianism
• Drèze equilibria and welfare maxima

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