Generic inefficiency of stock market equilibrium when markets are incomplete
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(This abstract was borrowed from another version of this item.)
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DOI: 10.1016/0304-4068(90)90039-C
Note: In : Journal of Mathematical Economics, 19, 113-151, 1990
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Other versions of this item:
- Geanakoplos, J. & Magill, M. & Quinzii, M. & Dreze, J., 1990. "Generic inefficiency of stock market equilibrium when markets are incomplete," Journal of Mathematical Economics, Elsevier, vol. 19(1-2), pages 113-151.
- John Geanakoplos & Michael Magill & Martine Quinzii & J. Dreze, 1988. "Generic Inefficiency of Stock Market Equilibrium When Markets Are Incomplete," Cowles Foundation Discussion Papers 863, Cowles Foundation for Research in Economics, Yale University.
References listed on IDEAS
- Joseph E. Stiglitz, 1982. "The Inefficiency of the Stock Market Equilibrium," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 49(2), pages 241-261.
- Peter Diamond, 1980. "Efficiency with Uncertain Supply," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(4), pages 645-651.
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