Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete

DOI10.1111/1468-0262.00326zbMath1126.91388OpenAlexW2085147652MaRDI QIDQ5477779

Birgit Grodal, Egbert Dierker, Hildegard Dierker

Publication date: 29 June 2006

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/1468-0262.00326

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) General equilibrium theory (91B50)

Related Items (9)

Constrained efficiency versus unanimity in incomplete markets ⋮ Financial intermediation and the welfare theorems in incomplete markets ⋮ A bargaining theory of the firm ⋮ Investment and financing in incomplete markets ⋮ Shareholder voting ⋮ A general equilibrium analysis of corporate control and the stock market ⋮ Nonexistence of constrained efficient production plans ⋮ Ownership structure and control in incomplete market economies with transferable utility ⋮ Drèze equilibria and welfare maxima

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