Risk externalities: when financial imperfections are not the problem, but part of the solution

DOI10.1016/J.JMATECO.2018.03.008MaRDI QIDQ1669112zbMATH OpenOpenAlexFDO

Authors Maria Arvaniti, Andrés Carvajal

Publication date 30 August 2018

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jmateco.2018.03.008

zbMATH Keywords

constrained inefficiencyexternalitiesfinancial markets

Mathematics Subject Classification ID

General equilibrium theory (91B50)

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Cites work

• Constrained suboptimality in incomplete markets: A general approach and two applications
• General equilibrium with endogenous securities and moral hazard
• Generic existence of competitive equilibria with restricted participation
• Generic regularity of competitive equilibria with restricted participation
• Incentives in Teams
• Nash-Walras equilibria
• On public good provision mechanisms with dominant strategies and balanced budget
• Optimal Allocation of Public Goods: A Solution to the "Free Rider" Problem
• Pareto improving taxes
• Robustly coalition-proof incentive mechanisms for public good provision are voting mechanisms and vice versa
• The Inefficiency of the Stock Market Equilibrium

Cited in

(3)

• Externalities, Pigouvian corrections, and risk attitudes
• Optimal extended liability rule in a competitive financial market with heterogeneous borrower firms
• Pecuniary externalities in economies with financial frictions

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