Are incomplete markets able to achieve minimal efficiency?

DOI10.1007/S00199-003-0406-ZMaRDI QIDQ1780156zbMATH OpenOpenAlexFDO

Authors Egbert Dierker, Hildegard Dierker, Birgit Grodal

Publication date 7 June 2005

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-003-0406-z

zbMATH Keywords

Constrained efficiencyDréze equilibriaIncomplete markets with production

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Special types of economic equilibria (91B52)

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(13)

• Effectively complete equilibria -- A note
• Constrained suboptimality in incomplete markets: A general approach and two applications
• Efficiency and imperfect competition with incomplete markets.
• A re-examination of constrained Pareto inefficiency in economies with incomplete markets
• A second welfare theorem for constrained efficient allocations in incomplete markets
• Investment and financing in incomplete markets
• Constrained efficiency versus unanimity in incomplete markets
• Nonexistence of constrained efficient production plans
• Can a free market be complete?
• Are Incomplete Markets Able to Achieve Minimal Efficiency?
• Nonexistence of Constrained Efficient Equilibria When Markets are Incomplete
• Welfare and efficiency in incomplete market economies with a single firm
• A general equilibrium analysis of corporate control and the stock market

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