Financial intermediation and the welfare theorems in incomplete markets

DOI10.1007/S00199-020-01294-WzbMath1492.91127OpenAlexW3044270437MaRDI QIDQ2143899

Michael Zierhut, Marc Oliver Bettzüge, Thorsten Hens

Publication date: 31 May 2022

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-020-01294-w

zbMATH Keywords

incomplete markets with productionsecond welfare theoremshareholder unanimityfinancial intermediaryfirm objectives

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Welfare economics (91B15) Financial markets (91G15)

Related Items (1)

Special issue in honor of Nicholas C. Yannelis. II

Cites Work

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• Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete
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