Full and constrained pareto optimality with incomplete financial markets
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Mendolicchio, C. & Pietra, T., 2019.
"A re-examination of constrained Pareto inefficiency in economies with incomplete markets,"
Journal of Mathematical Economics, Elsevier, vol. 80(C), pages 39-55.
- Mendolicchio, Concetta & Pietra, Tito, 2016. "A re-examination of constrained Pareto inefficiency in economies with incomplete markets," IAB-Discussion Paper 201612, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Atsushi Kajii & Antonio Villanacci & Alessandro Citanna, 1998.
"Constrained suboptimality in incomplete markets: a general approach and two applications,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(3), pages 495-521.
- Alessandro Citanna & Atsushi Kajii & Antonio Villanacci, 1998. "Constrained suboptimality in incomplete markets: a general approach and two applications," Post-Print hal-00479390, HAL.
- Geanakoplos, J. & Polemarchakis, H., 1985.
"Existence,regularity, and constrained suboptimality of competitive allocations when the asset market is incomplete,"
LIDAM Discussion Papers CORE
1985037, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- GEANAKOPLOS, John D. & POLEMARCHAKIS, Heraklis M., 1986. "Existence, regularity, and constrained suboptimality of competitive allocations when the asset market is incomplete," LIDAM Reprints CORE 711, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John Geanakoplos & Heracles M. Polemarchakis, 1985. "Existence, Regularity, and Constrained Suboptimality of Competitive Allocations When the Asset Market Is Incomplete," Cowles Foundation Discussion Papers 764, Cowles Foundation for Research in Economics, Yale University.
- Lang, Julia, 2018. "Employment effects of language training for unemployed immigrants," IAB-Discussion Paper 201821, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- C. Mendolicchio & T. Pietra, 2021. "Full and constrained Pareto efficiency with incomplete financial markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(1), pages 211-234, February.
- Sergio Turner, 2004.
"Pareto Improving Taxation in Incomplete Markets,"
Econometric Society 2004 Latin American Meetings
310, Econometric Society.
- Sergio Turner, 2004. "Pareto Improving Taxation in Incomplete Markets," Econometric Society 2004 North American Summer Meetings 614, Econometric Society.
- Piero Gottardi & Rohit Rahi, 2014.
"Value Of Information In Competitive Economies With Incomplete Markets,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 55(1), pages 57-81, February.
- Rohit Rahi & Piero Gottardi, 2007. "Value of Information in Competitive Economies with Incomplete Markets," FMG Discussion Papers dp596, Financial Markets Group.
- Gottardi, Piero & Rahi, Rohit, 2010. "Value of information in competitive economies with incomplete markets," LSE Research Online Documents on Economics 119083, London School of Economics and Political Science, LSE Library.
- Piero Gottardi & Rohit Rahi, 2010. "Value of Information in Competitive Economies with Incomplete Markets," FMG Discussion Papers dp658, Financial Markets Group.
- Gottardi, Piero & Rahi, Rohit, 2007. "Value of information in competitive economies with incomplete markets," LSE Research Online Documents on Economics 4749, London School of Economics and Political Science, LSE Library.
- Piero Gottardi & Rohit Rahi, 2007. "Value of Information in Competitive Economies with Incomplete Markets," Working Papers 2007_25, Department of Economics, University of Venice "Ca' Foscari".
- Piero Gottardi & Rohit Rahi, 2010. "Value of Information in Competitive Economies with Incomplete Markets," Economics Working Papers ECO2010/34, European University Institute.
- Mendolicchio, C. & Pietra, T., 2019.
"A re-examination of constrained Pareto inefficiency in economies with incomplete markets,"
Journal of Mathematical Economics, Elsevier, vol. 80(C), pages 39-55.
- Mendolicchio, Concetta & Pietra, Tito, 2016. "A re-examination of constrained Pareto inefficiency in economies with incomplete markets," IAB-Discussion Paper 201612, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Sergio Turner & Norovsambuu Tumennasan, 2006. "Pareto Improving Monetary Policy in Incomplete Markets," Working Papers 2006-04, Brown University, Department of Economics.
- Bisin, A. & Geanakoplos, J.D. & Gottardi, P. & Minelli, E. & Polemarchakis, H., 2011.
"Markets and contracts,"
Journal of Mathematical Economics, Elsevier, vol. 47(3), pages 279-288.
- Alberto Bisin & John Geanakoplos & Piero Gottardi & Enrico Minelli & Heracles Polemarchakis, 2009. "Markets and Contracts," Working Papers 0915, University of Brescia, Department of Economics.
- Alberto Bisin & John Geanakoplos & Piero Gottardi & Enrico Minelli & Herakles Polemarchakis, 2010. "Markets and contracts," Economics Working Papers ECO2010/29, European University Institute.
- Jean-Marc Bonnisseau & Elena Mercato, 2010.
"Externalities, consumption constraints and regular economies,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 123-147, July.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2008. "Externalities, consumption constraints and regular economies," Post-Print halshs-00257731, HAL.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2008. "Externalities, Consumption Constraints and Regular Economies," CSEF Working Papers 195, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Dec 2009.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2008. "Externalities, consumption constraints and regular economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00257731, HAL.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2010. "Externalities, consumption constraints and regular economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00381637, HAL.
- Jean-Marc Bonnisseau & Elena L. Del Mercato, 2008. "Externalities, consumption constraints and regular economies," Documents de travail du Centre d'Economie de la Sorbonne b08011, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised Apr 2009.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2010. "Externalities, consumption constraints and regular economies," PSE-Ecole d'économie de Paris (Postprint) halshs-00381637, HAL.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2010. "Externalities, consumption constraints and regular economies," Post-Print halshs-00381637, HAL.
- Arvaniti, Maria & Carvajal, Andrés, 2018. "Risk externalities: When financial imperfections are not the problem, but part of the solution," Journal of Mathematical Economics, Elsevier, vol. 77(C), pages 87-100.
- Tirelli, Mario & Turner, Sergio, 2010.
"A social welfare function characterizing competitive equilibria of incomplete financial markets,"
Research in Economics, Elsevier, vol. 64(1), pages 58-65, March.
- Mario Tirelli & Sergio Turner, 2008. "A social welfare function characterizing competitive equilibria of incomplete financial markets," Departmental Working Papers of Economics - University 'Roma Tre' 0093, Department of Economics - University Roma Tre.
- Antonio Villanacci & Ünal Zenginobuz, 2007.
"On the Neutrality of Redistribution in a General Equilibrium Model with Public Goods,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(2), pages 183-200, April.
- Villanacci, Antonio & Zenginobuz, Unal, 2001. "On the neutrality of redistribution in a general equilibrium model with public goods," MPRA Paper 190, University Library of Munich, Germany, revised 09 Aug 2005.
- Mendolicchio, C. & Pietra, T., 2016.
"Endowment redistribution and Pareto improvements in GEI economies,"
Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 181-190.
- Mendolicchio, Concetta & Pietra, Tito, 2016. "Endowment redistribution and Pareto improvements in GEI economies," IAB-Discussion Paper 201601, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2010.
"Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets,"
KIER Working Papers
745, Kyoto University, Institute of Economic Research.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2011. "Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets," CESifo Working Paper Series 3560, CESifo.
- Tomoyuki Nakajima & Atsushi Kajii & Piero Gottardi, 2011. "Optimal taxation and constrained inefficiency in an in finite-horizon economy with incomplete markets," 2011 Meeting Papers 455, Society for Economic Dynamics.
- Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2011. "Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets," Economics Working Papers ECO2011/18, European University Institute.
- Citanna, A. & Polemarchakis, H.M. & Tirelli, M., 2006.
"The taxation of trades in assets,"
Journal of Economic Theory, Elsevier, vol. 126(1), pages 299-313, January.
- CITANNA, Alessandro & POLEMARCHAKIS, Heracles M. & TIRELLI, M., 2000. "The Taxation of Trades in assets," HEC Research Papers Series 721, HEC Paris.
- CITANNA, Alessandro & POLEMARCHAKIS, Herakles M. & TIRELLI, Mario, 2001. "The taxation of trades in assets," LIDAM Discussion Papers CORE 2001017, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Alessandro Citanna & Heracles M. Polemarchakis & M. Tirelli, 2006. "The taxation of trades in assets," Post-Print halshs-00009847, HAL.
- David Cass, 1995. "Notes on pareto improvement in incomplete financial markets," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 18(1), pages 3-14, March.
- Geanakoplos, John & Polemarchakis, H.M., 2008.
"Pareto improving taxes,"
Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 682-696, July.
- J. D. Geanakoplos & H. M. Polemarchakis, 2006. "Pareto Improving Taxes," Levine's Bibliography 321307000000000350, UCLA Department of Economics.
- John Geanakoplos & H. M. Polemarchakis, 2008. "Pareto Improving Taxes," Cowles Foundation Discussion Papers 1662, Cowles Foundation for Research in Economics, Yale University.
- J. D. Geanakoplos & H. M. Polemarchakis, 2006. "Pareto Improving Taxes," Cowles Foundation Discussion Papers 1576, Cowles Foundation for Research in Economics, Yale University.
- Elena L. Mercato & Vincenzo Platino, 2017.
"On the regularity of smooth production economies with externalities: competitive equilibrium à la Nash,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(1), pages 287-307, January.
- Elena L. del Mercato & Vincenzo Platino, 2015. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," Documents de travail du Centre d'Economie de la Sorbonne 15044, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Elena L. del Mercato & Vincenzo Platino, 2017. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," Post-Print hal-01438970, HAL.
- Elena L. del Mercato & Vincenzo Platino, 2017. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," PSE-Ecole d'économie de Paris (Postprint) hal-01438970, HAL.
- Elena L. del Mercato & Vincenzo Platino, 2017. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-01438970, HAL.
- Elena L. del Mercato & Vincenzo Platino, 2016. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," Post-Print halshs-01162039, HAL.
- Elena L. del Mercato & Vincenzo Platino, 2016. "On the regularity of smooth production economies with externalities: Competitive equilibrium à la Nash," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01162039, HAL.
- Daron Acemoglu & Alp Simsek, 2010.
"Moral Hazard and Efficiency in General Equilibrium with Anonymous Trading,"
Levine's Working Paper Archive
661465000000000232, David K. Levine.
- Acemoglu, Daron & ÅžimÅŸek, Alp, 2010. "Moral Hazard and Efficiency in General Equilibrium with Anonymous Trading," CEPR Discussion Papers 7821, C.E.P.R. Discussion Papers.
- Alessandro, CITANNA & SCHMEDDERS, Karl, 2002.
"Controlling price volatility through financial innovation,"
HEC Research Papers Series
749, HEC Paris.
- Alessandro Citanna & Karl Schmedders, 2002. "Controlling Price Volatility Through Financial Innovation," Working Papers hal-00594367, HAL.
- Alessandro Citanna & Karl Schmedders, 2002. "Controlling Price Volatility Through Financial Innovation," Discussion Papers 1338, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Anil K. Kashyap & Dimitrios P. Tsomocos & Alexandros P. Vardoulakis, 2014.
"How does macroprudential regulation change bank credit supply?,"
NBER Working Papers
20165, National Bureau of Economic Research, Inc.
- Dimitrios Tsomocos & Alexandros Vardoulakis & Anil Kashyap, 2015. "How does macroprudential regulation change bank credit supply?," 2015 Meeting Papers 1338, Society for Economic Dynamics.
- Habis, Helga & Herings, P. Jean-Jacques, 2011.
"Core concepts for incomplete market economies,"
Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 595-609.
- Helga Habis & P. Jean-Jacques Herings, 2011. "Core Concepts for Incomplete Market Economies," CERS-IE WORKING PAPERS 1119, Institute of Economics, Centre for Economic and Regional Studies.
More about this item
Keywords
Finanzmarkt ; Gleichgewichtstheorie ; Marktunvollkommenheit ; Pareto; Vilfredo ; Verteilungstheorie ; Volkswirtschaftstheorie;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iab:iabdpa:201822. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: IAB, Geschäftsbereich Wissenschaftliche Fachinformation und Bibliothek (email available below). General contact details of provider: https://edirc.repec.org/data/iabbbde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.