Pareto Improving Price Regulation When the Asset Market is Incomplete
نویسندگان
چکیده
منابع مشابه
Pareto improving price regulation when the asset market is incomplete . 1
The asset market is incomplete. Fix price equilibria exist. Price regulation pareto improves on a competitive allocation.
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2 The research of Herings was made possible by a fellowship of the Royal Nether-lands Academy of Arts and Sciences and a grant of the Netherlands Organization for Scientific Research (NWO); while this paper was being written, he enjoyed the generous hospitality of the Cowles Foundation. 3 John Geanakoplos and Hamid Sabourian asked questions that clarified a number of points in earlier drafts of...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.166494