A new characterization of the efficiency of equilibrium with incomplete markets

DOI10.1016/0022-0531(88)90001-4zbMath0693.90020OpenAlexW1973007302MaRDI QIDQ908834

Rafael Repullo

Publication date: 1988

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

Full work available at URL: https://doi.org/10.1016/0022-0531(88)90001-4

zbMATH Keywords

incomplete marketsRadner equilibrium\({\mathcal D}\)-efficiencysocial Nash optimality

Mathematics Subject Classification ID

Utility theory (91B16) General equilibrium theory (91B50)

Related Items (2)

Core concepts for incomplete market economies ⋮ Incentives and competitive allocations in exchange economies with incomplete markets

Cites Work

• Unnamed Item
• Equilibrium in a discrete exchange economy with money
• Equilibrium in incomplete markets. I: A basic model of generic existence
• A simple proof of Maskin's theorem on Nash implementation
• Money, information and equilibrium in large economies
• On the optimality of equilibrium when the market structure is incomplete
• A characterization of the optimality of equilibrium in incomplete markets
• Inefficiency and the Demand for "Money" in a Sequence Economy
• On Transaction Costs, Inessential Sequence Economies and Money
• Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets

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