Initial shares can cause Pareto improvements when markets are incomplete
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DOI: 10.1007/s40505-018-0135-x
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More about this item
Keywords
Multi-period economies with incomplete markets; Partnerships and corporations; Marginal cost pricing; The role of initial shares; The objective of a firm; Efficiency and social welfare;All these keywords.
JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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