Pareto-improving price regulation when the asset market is incomplete: An example
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: International Journal of Economic Theory
سال: 2012
ISSN: 1742-7355
DOI: 10.1111/j.1742-7363.2012.00182.x